Save 23% ($351) & Get a Free 1-1 Call with our Team ⏰ : 0d 2h 59m 45s
Bitcoin, arguably the best-performing institutional asset of 2020, tears above $29K for another all-time high
On a global scale, 2020 will be remembered as the year when coronavirus ravaged the world and perhaps reshaped it. And on another scale, 2020 will be remembered as the year when bitcoin went institutional and smashed record after record. In its latest episode, though not too surprising, Bitcoin has surged past $29K for the first time in its history.
The strong walls that separated bitcoin from institutional capital are slowly coming down as major companies bet millions - and even billions - on the 11-year old cryptocurrency that is gaining acceptance as a genuine macroeconomic asset. And bitcoin is riding high on the flow of institutional capital.
Bitcoin briefly traded above $29,700. However, it lost some bit of steam and is currently priced at slightly over $29,000. The biggest question, and of particular interest to market participants is whether the digital asset can break the $30,000 barrier before the end of the year.
Bitcoin is trading above $29K with a few hours left before the end of 2020. Will it reach $30K before the New Year? | Credit / TradingView
Bitcoin’s 2020 performance
According to the crypto research firm Messari, bitcoin is the best performing institutional asset of the year, trumping by miles traditional safe-haven assets such as gold.[caption id="attachment_21697" align="aligncenter" width="1744"]
Bitcoin is the best-performing asset of 2020 | Image Credit / Twitter[/caption]
It is important to note that other cryptocurrencies, particularly DeFi projects, have outperformed bitcoin this year. However, they have not yet gone institutional and it will likely be a while before they can find themselves on the balance sheets of major traditional companies.
Bitcoin’s performance figures in 2020 are impressive. The digital asset has surged around 58% against the dollar in December alone and is up more than 300% year-to-date.
[caption id="attachment_21696" align="aligncenter" width="1507"]
Bitcoin’s performance figures in 2020 | Credit / TradingView[/caption]
Microstrategy Incorporated (Nasdaq: MSTR), a business intelligence firm with a war chest of more than $1 billion in bitcoin on its balance sheet, has seen its share price rise from around $130 in August when it started aggressively buying BTC to its current price of $389.
[caption id="attachment_21698" align="aligncenter" width="699"]
Microstrategy share price rises converting a portion of its treasury into BTC in August | Credit / Google[/caption]
[caption id="attachment_21699" align="aligncenter" width="1560"]
Microstrategy share price rises converting a portion of its treasury into BTC in August | Credit / Google[/caption]
Microstrategy CEO Michael Saylor, who has somehow become the poster boy of traditional corporate executives going all-in on crypto, is urging corporations to convert their fiat balance sheet into bitcoin “to maximize shareholder value.”
#BTC is an institutional grade safe haven asset & solution to the store of value problem faced by everyone. #Bitcoin is the first digital monetary network. Corporations should convert the USD on their balance sheets to BTC to maximize shareholder value. https://t.co/CoaVKCeu8a
— Michael Saylor (@michael_saylor) December 22, 2020
Bitcoin, with a market capitalization of more than $542 billion, is in part, strengthened by the weak dollar.
Continue reading by joining Cryptonary Pro
$1,548 $1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
