Commenting on the Bitcoin price reaching a new all-time high today, Paolo Ardoino, CTO, Bitfinex, said:
“Bitcoin’s ascent today to a new all-time high of US$19,844 will captivate, Still, of far greater consequence are the fundamentals giving fuel to this rally, notably the increasing presence of institutional investors. Bitcoin is still nascent and even relatively small allocations into the asset class from investment funds can have a seismic impact.”