Bitcoin (BTC) hit $15,000 on Nov. 5 as excitement over the United States election spilled over from macro markets. However, the cryptocurrency is still not readily available in Pakistan, leaving Pakistani investors seriously disadvantaged.
Pakistani investors choices are limited since they cannot legally invest in cyprocurrencies due to the ban by the Federal Investigation Agencies. This is despite the fact that crypto has received hundreds of billions of dollars of investment in recent years.
Data from Cointelegraph Markets and TradingView showed BTC/USD tackle the $15,000 barrier repeatedly throughout the day, finally breaking it to post press-time highs of $15,200.
BTC price climbs $1,000 in a day
The move seals a hectic day for Bitcoin, which just 24 hours ago traded below $14,000. The last time that BTC/USD saw $15,000 was in early January 2018.
Reacting, many well-known Bitcoin figures noted that it was high time for the largest cryptocurrency to make a decisive move. Macro investor Dan Tapeiro in particular praised the price models of quant analyst PlanB.
“Now enterring what is called the ‘moment of realization’ for Bitcoin,” he tweeted.
“Let’s give some credit to (PlanB) here. I like this model that picked top in late ’17 and most importantly bottom in early ’19. We are now in what I call the hodlers’ sweet spot. Get paid to sit.”
