On January 21st, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions.

According to blockchain intelligence firm Glassnode, there are 784,000 addresses holding 1 or more Bitcoins.That number is up nearly 11% from the 707,000 addresses just a year ago.

The market is serving more bullish narratives for 2020, many of them predicting the Bitcoin rate to close above its historical high of $20,000. Let’s take a look at 2 reasons that could send Bitcoin to a new high.

The Australian Securities and Investment Commission has granted approval for Raiz to offer its Bitcoin investment retail fund.  Raiz can now go ahead with its planned launch of the product before the end of the Q2 of 2020. Once launched, the Raiz Bitcoin investment retail fund will see 95% of customers’ investments placed in ETFs & 5% in Bitcoin.

Some Bitcoin fans have used a Tesla’s onboard computer system to turn the electric vehicle into a Bitcoin full node. As unlikely as it sounds, the attempt was actually successful, and its success was ensured by a project called Bcoin.

Lee claims that Bitcoin will shine largely in part to increase geopolitical risk, notably a potential war looming between the US and Iran, and the fact that nearly all global economies are hanging by a thread, printing money to only further put off an inevitable market collapse.

Russin President Putin has proposed constitutional changes that would allow more power to shift to the State Duma. Skeptics viewed this move as Putin’s bid to extend his twenty year run as both President and Prime Minister.  Through the Duma, it would be possible for Putin to keep pulling the strings of power, despite not being directly at the helm.

Sources suggest that Twitter is looking to add a tipping function.
Given Twitter and Square CEO Jack Dorsey’s repeated appraisals of Bitcoin, it would come as something of a surprise if a future Twitter tipping service didn’t use Bitcoin in some capacity.

2020 has been a great year for Bitcoin so far, with Bitcoin climbing significantly from its year to date low of $6.800. Bitcoin’s bullish price seems to confirm one prominent analyst’s belief that Bitcoin could set all time highs in the coming couple of years.

The overall value of Bitcoin is already up by around fifteen percent this year, but since President Trump recently down played the situation in Iran, saying that the Middle Eastern power is ready to stand down, Bitcoin's price slid back down around eighty one hundred dollars.