At 16:00 UTC (or 12:00 Eastern Time) on Monday (August 17), Bitcoin reached an intraday high of $12,471.
According to data from CryptoCompare, the Bitcoin price broke through the $12,400 level at 15:45 UTC, and within 15 minutes, BTC had reached $12,471.
This was the first time Bitcoin had been above the $12,400 level in over 13 months:
At the time of writing (i.e. as of 18:22 UTC on August 17), Bitcoin is trading around $12,376, which means that it is up 4.59% vs USD in the past 24-hour period and up 72.3% vs USD for the year-to-date period.
According to data from Blockchain.com, Bitcoin’s seven-day average hash rate reached a new all-time high on Sunday (August 16): 129.075 EH/s.
Earlier today, famous gold bug Peter Schiff commented about Berkshire Hathaway’s purchase (in Q2 2020) of some shares of Barrick Gold (NYSE: GOLD), the world’s largest gold miner.
A few minutes ago, Dave Portnoy, the founder and president of Barstool Sports, who bought $200,000 worth of Bitcoin last Wednesday (August 13) with the help of the Winklevoss twins, tweeted that Warren Buffett should be getting into Bitcoin and not gold:
??????. Old man Buffett buying tin while struggling to put in his dentures meanwhile @elonmusk and I are mining it for free from the asteroids. Go #bitcoin or go home. https://t.co/8B6TCRtsWE
— Dave Portnoy (@stoolpresidente) August 17, 2020
Featured Image by “WorldSpectrum” via Pixabay.com
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
