Bitcoin hit a new all-time high after breaking its previous record of $19,738.

According to Bitstamp, the price of Bitcoin reached as high as $19,825 before rebounding to its current price of $19,500.

The cryptocurrency has spent the greater part of the past four months in a bullish race that has seen the price of Bitcoin soar from around $11,000 to all-time highs.

Then the market suddenly collapsed and bitcoin dropped to around $16,400.

But in a strong bounce and reversal, the record was finally broken, and the crypto community on Twitter threw a party to mark it.

Jameson Loeb, CTO of CASA, said:

Congratulations to those who survived the full market cycle.

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I prefer to buckle up!

Congratulations to those who survived the full market cycle. The best seat belt belt! pic.twitter.com/GqKXM3mqU5

– Jameson Lopp (lopp) November 30, 2020

While Per Roschard, who works as a bitcoin strategist at Kraken, commented:

Sell ​​other assets and buy more bitcoin.

Sell ​​your stock and bond portfolio, and buy # bitcoin.

– PierreRochard.com (@pierre_rochard) November 30, 2020

Michael Saylor, CEO of MicroStrategy and an outspoken advocate for Bitcoin, tweeted yesterday that Bitcoin surged to an all-time high.

His tweet stated the following:

Over the Thanksgiving weekend, bitcoin worked uninterruptedly for 113.5 hours versus 3.5 hours for US capital markets.

Over the Thanksgiving weekend, # bitcoin It runs uninterrupted for 113.5 hours versus 3.5 hours for the US capital markets. Networks from Google, Apple, Facebook and Amazon also work without interruption. No one will accept the availability of 3.1% of their cash network.

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– Michael Saylor (@michael_saylor) November 30, 2020

Not everyone was happy with the event of the rise of Bitcoin to record levels, as Peter Schiff, one of the critics of Bitcoin, commented that the rise in the price of Bitcoin was all based on a rumor.

Where he tweeted:

The news that Guggenheim is considering putting up to $500 million in bitcoin has sent the price of bitcoin to a new high.

I doubt Guggenheim is stupid enough to actually do this, but he might be smart enough to spread the rumor to help the pumps manipulate the price up.

News that Guggenheim is considering putting up to $500 million in GBTC has sent a price # bitcoin to a new level. I doubt the Guggenheim is stupid enough to actually do this, but they might be smart enough to float the rumor to help the pumps manipulate the price higher.

– Peter Schiff November 30, 2020

Where does the price of bitcoin go?

There is great optimism among members of the crypto community, and many are looking forward to further ascent. Anthony Pompliano, host of the “Pomp Podcast,” one of the most popular podcasts in the crypto community, tweeted:

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Bitcoin is really on its way towards $20,000 this morning.

Holy shit. Bitcoin is really running $20,000 this morning.

It currently sits at $19,720.

– Bomb (APompliano) November 30, 2020

Tyler Winklevoss, co-founder of Gemini, said:

Bitcoin is up and up to the moon.

# bitcoin Just reaching an all-time high! Onward and upward we go to the moon! 🚀 pic.twitter.com/CfuuBAelZZ

– Tyler Winklevoss (@tyler) November 30, 2020

Changpeng Zhao, CEO of Binance, also did not miss the opportunity to comment on the historical rise of Bitcoin, stating:

Slap yourself if you sell bitcoin.

slap for sale # bitcoinEver!

– CZ Binance (@cz_binance) November 30, 2020

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