Bitcoin up 30% in a few hours

This night, the first cryptocurrency exchange rate showed the most significant growth in the last few years – Bitcoin grew by 30% and for some time even exceeded $ 10,000.

As one of the commentators on the social network Twitter noted, this growth was the fourth largest for the entire existence of the first cryptocurrency – bitcoin has not grown at such a pace since 2011.

Analysts attribute this to the fact that recently Chairman of the People’s Republic of China Xi Jinping called blockchain “a very important technology” and called for using it for transformations in industry and finance, as well as in other industries.

“We must accept blockchain as an important breakthrough in state-independent technologies,” he emphasized.

In addition, a significant increase in trade volume was also recorded on the platform for institutional investors Bakkt – over the past 24 hours it amounted to more than 1,000 contracts.

Fundstrat founder Tom Lee recently stated that the actual number of Bitcoin users does not exceed 500,000, and in his opinion, this is not enough for institutional investors to enter the industry.