Lately, cryptocurrencies, especially\u00a0Bitcoin, are in the focus of attention.\u00a0Khurram Shroff\u00a0addressed the reasons behind\u00a0Wall Street\u2018s growing interest in\u00a0Bitcoin (BTC). The chairman of the\u00a0International Blockchain Consulting Group (IBC)\u00a0said that cryptocurrencies will replace bullion one day in the future.\r\nBitcoin Broke Records in a Row\r\nBitcoin (BTC)\u00a0price has surged up in the last days of 2020! Yesterday, it set another record, setting an all-time high. Bitcoin continued its rally, which started with the breaking of the $ 20,000 psychological level, with incredible speed. As of yesterday, it set a new ATH, surpassing the $ 24,720 level. After the $ 27,000 mark, it was able to exceed $ 28,000. The leading crypto reached a level of $ 28,288, standing record highs in terms of market capitalization. A new all-time high was formed around $ 28,360 before the price started a downside correction.\r\n\r\nIn a report,\u00a0Khurram Shroff, President of the Dubai-based\u00a0IBC group\u00a0and one of the\u00a0region\u2019s largest Bitcoin (BTC) \u2018HODLer,\u2019 addressed the issue of Wall Street\u2019s\u00a0\u201crenewed interest\u201d\u00a0in the crypto markets.\r\nDecentralized cryptocurrencies are sparking renewed interest on Wall Street, which seemed improbable just a year ago.\r\nCryptocurrencies such as\u00a0Bitcoin\u00a0and\u00a0Ethereum\u00a0are increasingly in demand among institutional investors. This is because, due to their inherent deflationary nature, they were less affected during the pandemic and economic difficulties. In recent weeks, several famous market players have even sold gold mutual funds in exchange for their crypto shares.\u00a0Shroff\u00a0said the Covid-19 pandemic revealed longstanding shortcomings in bullion markets, including a lack of transparency.\r\nSince Bitcoin supply is capped at 21 million, it helped maintain buoyancy in the crypto market when bullion markets cracked under pressure.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nThe Crypto Market Adapts to the Needs of the Contemporary World\r\nAlongside\u00a0Bitcoin,\u00a0Ethereum\u00a0\u2013 the second-largest cryptocurrency by market cap, and\u00a0XRP\u00a0has recently gained significant value. On November 21, Shroff\u2019s IBC group invested\u00a0$ 10 million in ETH 2.0\u00a0contract to support the Ethereum update. Regarding the investment, Shroff has made it clear that he believes the blockchain will change all technologies.\r\n\r\nHe claimed that the Ethereum 2.0\u2032 consensus model change would lead to innovation. The\u00a0Proof-of-Stake\u00a0model does not require large server farms, making it more environmentally friendly and sustainable. This is a way of showing how capable the crypto market is in some way.\r\nThis is the crypto market\u2019s way of showing how capable it is to adapt to the ever-evolving needs of the contemporary world.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.