Is there an all -time high?

The first Bitcoin payment was made 15 years ago. Since then, the cryptocurrency has increased significantly. Will the next record be broken soon?

His hunger was at the beginning of a fundamental change: it was May 22, 2010 when the American software developer Laszlo Hanyecz wanted to order two large pizzas. Nothing unusual. The special thing was, however, that he wanted to pay his meal with Bitcoin and thus carried out one of the first commercial transactions with the emerging digital currency.

He was ready to spend 10,000 Bitcoin. It took three days for a 19-year-old student to join the deal and deliver two pizzas from Papa John's chain to the software developer. He put the 10,000 Bitcoin in the purchase of new video games.

High flight and no end

He may now regret that he was spending the bitcoins again so quickly. At that time, 10,000 bitcoins were worth around $ 41, today a good $ 870 million.

An end to the high -altitude flight is not in sight. Currently, cryptocurrency is again listed over the $ 100,000 mark.

This inspires the fantasies of investors. Does the Bitcoin apply for a new all -time high?

A roller coaster the same

For the Zurich Bitcoin specialist Rino Borini Is this a very realistic scenario. “We even defined the 150,000 dollar brand as the target size for this year,” says the co-founder and CEO of «House of Sathosi»an independent consulting company.

But according to Borini, the journey there is like a roller coaster ride: «I can well imagine that we will see a new record in the next few weeks at around $ 110,000 to $ 115,000. On the way there, however, it can still lead to price declines in the double -digit range, »he says.

Bitcoin like a Swiss sack knife

Sea «Bitcoin Suisse» The digital currency currently benefits from falling inflation, growing global liquidity and institutional capital inflows. “The Bitcoin is increasingly positioning itself as a versatile asset, comparable to a Swiss pocket knife-suitable for both risk-on and risk-off scenarios,” writes the company.

Structurally, there is a persistent shift in the owners' structure towards institutional investors. The proportion of Bitcoins, the states, companies and stock exchange -traded funds (ETF) is now around 14 percent. In particular, listed companies are driving this trend ahead: According to Bitcoin Suisse, they have added over 180,000 bitcoins to their balance sheets since the beginning of the year.

Structural shift towards institutional investors

“This development illustrates the increasing tension between supply and demand,” says the company, emphasizing: “In our view, these structural changes should further reduce volatility and accelerate Bitcoin's maturation process.”

So does the Bitcoin go to an all -time high? At Bitcoin Suisse you are also convinced. At the Zug company, a price target of $ 180,000 is not excluded this year.

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