There is little doubt that the 2021 is the year of cryptocurrencies. The most visible winner, of course, is the ubiquitous Bitcoin, which hit its all-time high (ATH) of more than $ 60,000 a month ago.
Ethereum hits a new all-time high after it became known that the European Investment Bank will issue a digital bond based on this cryptocurrency
But it’s not the only boom in the crypto world: Ethereum, the currency that ranks second in terms of popularity and market capitalization, has now also hit a new all-time high of $ 2,800.
What motivated Ethereum to achieve its new ATH? The price of cryptocurrencies is subject to dozens of factors and one of them is the ratio of the crypto in question to public institutions. And Ethereum doesn’t take anything wrong with them.
The new ATH coincided with the announcement by the European Investment Bank that it would issue a digital bond on the Ethereum network for two years worth more than 120 million euros. This operation is led by three private banking giants: Banco Santander, Goldman Sachs and Société Générale.
Without a doubt, this is great news not only for Ethereum but for the rest of the cryptocurrencies as well. The will of public and private organizations to bring cryptocurrencies closer to traditional finance acts as a catalyst for all digital currencies.
This can be seen in the influence Elon Musk, the founder of Tesla, has on crypto. Musk sent the price of bitcoin skyrocketing when he announced in March that Tesla would accept payments in bitcoin. Not to mention the incredible appreciation of the DOGE that the businessman has achieved I only talk about crypto on Twitter.
Although Ethereum has now hit a new all-time high, last year’s performance, when it grew more than 400%, was also surprising and shows that it is never too late to invest.