Bitcoin heads for $29,000, quadrupling in value in 2020
4 years, 2 months ago

Bitcoin heads for $29,000, quadrupling in value in 2020

Al Jazeera  

This month alone, Bitcoin has surged almost 50 percent, putting it on track to make December its biggest month since 2019. In December alone, Bitcoin has surged almost 50%, putting it on track for its biggest monthly gain since 2019. Bitcoin has now quadrupled in value this year amid the global coronavirus pandemic, while the wider Bloomberg Galaxy Crypto Index tracking the largest digital currencies is up about 270% as rival coins such as Ether have also rallied. “While a growing institutional presence has been part of the narrative of the current bull run, we may see increased retail interest in Bitcoin as a form of digital gold,” Paolo Ardoino, chief technology officer of crypto exchange Bitfinex said in an email.

History of this topic

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