Cryptocurrency gains have made headlines in recent days, with Bitcoin (BTC) reaching a record high of $33,099 on Saturday and with Dogecoin (DOGE) hitting $0.01.

Bitcoin is coming off a big 2020, having gained more than 300%. In recent few weeks, Bitcoin had been hovering around $27,000.

The surge has not caught some analysts off-guard.

On Saturday, macro strategist Jim Bianco posted on Twitter that Bitcoin makes Tesla's share price "look like it is standing still."

In December, the popular cryptocurrency rose over $20,000 for the first time, and now with it reaching over $30,000, some experts expect it to reach $50,000.

“[Bitcoin] will be on the road to $50,000 probably in the first quarter of 2021,” said Antoni Trenchev, a managing partner and co-founder of Nexo in London.

Bitcoin has been in existence for 12 years.

As of Sunday at 12:16 p.m. ET, Bitcoin was trading at $32,550.955, down 190.5391, or 0.5819%.

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