The price of bitcoin hit an all-time high of just under $67,000 on Wednesday, breaking its previous record of almost $65,000, which it reached in April. The euphoria is palpable: along with forecasts that bitcoin will hit $100,000, long-time believers are nodding to its rise in their own, particular way.
On Tuesday, Twitter and Square CEO Jack Dorsey tweeted “705742,” apparently a prediction for what block number the Bitcoin blockchain would be on when its cryptocurrency reached a new price high. Dorsey later tweeted that he was “off by 117,” after bitcoin officially surpassed its previous record.
The ProShares Bitcoin Strategy ETF, whose Tuesday trading debut helped boost bitcoin’s price, closed at $43, up 3%. ETF developer VanEck is also planning to launch its own bitcoin futures ETF next week, according to an SEC filing Wednesday.
Crypto-related stocks are benefiting from the bitcoin buzz, though not as much.
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