As usual, Binance, the largest exchange by trade volumes in 2020, was among the first to come out and celebrate this milestone:
Bitcoin has doubt had a crazy decade as the tweet below shows:
The new all-time high, once again, comes at the back of massive institutional investments into crypto with the latest revelation showing that two companies, BitGo and GrayScale, now hold more than $16 billion worth of cryptocurrency assets under custody.
According to Mike Belshe, CEO, BitGo:
“We’re seeing unprecedented interest from institutional investors as a result of the pandemic’s economic impact, as well as Bitcoin’s extraordinary performance.”
– CEO, BitGo
Both GrayScale and BitGo act as prime brokers for institutional investors for publicly-traded companies and privately-held firms.
Below is a breakdown of publicly-traded companies that hold the most amount of bitcoin as of December 2020: