Analysis of the reasons for bitcoin's frequent new heights suggests that the most important reason for the rise of bitcoin is COVID-19's serious and economic recession. The US dollar over issue, and investors have nowhere to invest. Only by investing in this scarce resource of bitcoin, bitcoin will break through 80 thousand dollars. It's not a dream.

Du Jun, co-founder of fire coin group, believes that bitcoin's breakthrough of $60000 is mainly due to the following reasons:

First, with the passage of the US $1.9 trillion stimulus bill and the opening of a new round of water release, investors' worries about the tightening expectations of the monetary environment caused by the previous inflation have been resolved. Before bitcoin experienced a sharp correction, that is, the market is not optimistic about inflation, the current policy has been implemented, and the previous excessive decline has been corrected;

Second, MicroStrategy continues to buy bitcoin, while bitcoin remains bullish. The attention and recognition of large listed companies for bitcoin are gradually increasing;

Third, bitcoin continues to reach new heights this year. Individual investors in the market are in a strong fomo mood and have joined the ranks of bitcoin buyers.

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