Bitcoin’s hitting new heights, soaring to $28,000 on March 20, 2023—a peak not seen since June 2022—right as the banking world wobbles. The crypto king’s not just riding high; it’s snagged the top spot on Goldman Sachs’ list of best-performing investment assets this year, a nod to its wild run amid a crumbling financial scene.
Investors and crypto die-hards have been glued to BTC’s price charts, watching it climb like a rocket over recent weeks. Many are holding their breath, betting it’ll smash through $30K soon. The buzz on X, like a tweet from RookieXBT, ties this surge to the banking crisis—think Silicon Valley Bank’s collapse and pals like Silvergate and Signature biting the dust. With trust in banks tanking, Bitcoin’s looking like the cool kid in the room.
And it’s not just hype—BTC’s market cap’s ballooned to $444 billion, elbowing past giants like Visa. That’s a flex for a digital coin that’s been shrugging off a brutal 2022. Goldman Sachs is all in, ranking it above gold, tech stocks, and the usual suspects, thanks to its gutsy gains while traditional markets flinch. The SVB saga’s flipped the script—Bitcoin’s not just surviving; it’s thriving as folks rethink where to park their cash.
$GOLD is up ~10% and $BTC is up ~35% since Silicon Valley Bank went down last week
— RookieXBT 🧲 (@RookieXBT) March 17, 2023
