Bitcoin worth more than ever
Bitcoin is worth more in 2020 than any other year it has existed, and historical data suggests that its price will continue climbing for another 19 months, said William Suberg on Cointelegraph.
The volume-weighted average calculates the Bitcoin price over a certain period as a ratio based on trading. The average for BTC/USD is $9,120 in 2020, according to James Todaro’s calculations.
That is higher even than in 2017 when the pair reached its current all-time high of $20,000. The volume-weighted average was only $6,125 in 2017.
It strongly suggests that most of the money that moved into bitcoin in previous years would have profited in USD if they held bitcoin to present date, James Todaro commented on the findings.