For the first time in history, the bitcoin rate exceeded $ 60 thousand. Experts note that the trend is associated with the adoption of the law on assistance to the US economy. According to Coindesk, the maximum value of the cryptocurrency was 60,323, but at the time of writing, Bitcoin was worth $59,921.
Bitcoin has been growing rapidly since March 2020, when its rate was 5 thousand dollars. The growth was initially spurred by online payment giant PayPal, which said it would allow account holders to use the cryptocurrency. Also, to generate income from gambling, for example, Live Casino Canada, often use cryptocurrency. Bitcoin skyrocketed to $55,000 in February 2021, but then plunged back to $41,000 before resuming growth.
At the beginning of the year, bitcoin grew to $ 50 thousand, its growth since 2020 has been more than 300%. However, the researchers believe that profit-taking among long-term investors can lead to lower prices. “The steady rise in bitcoin prices has made digital currency the best asset of 2020,” they wrote to Forbes.
In 2020, bitcoin has already broken several of its records – for example, back in early October, it cost about $ 11 thousand. Analysts suggest that some investors see cryptocurrency as a “safe investment in times of uncertainty.” However, other experts note that this asset remains volatile.