Bitcoins’ market cap has surpassed BOA and NZD means what?

Bitcoin surged by 3.2% yesterday, breaking through the key pressure level of 12,000, and hit a one-year high of 12,471. The data shows that Bitcoin has become the world’s 25th most valuable asset after Paypal, and it ranks 34th in the national legal currency issuance market value. This once again shows people’s distrust of the financial system where the central bank is printing fiat currencies to save the economy. It can be said that Bitcoin is an indicator of distrust of fiat currencies. Therefore, Bitcoin is expected to challenge $13,000 soon.

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