For the first time in history, the price of Bitcoin exceeded the $20,000 mark. The most expensive virtual one in the world
Researchers and as cryptocurrency enthusiastsnote that growth could have occurred due to increased demand from institutional investors. The last time Bitcoin reached this mark was in 2017. However, it did not grow to $ 20 thousand and made a sharp rollback, having fallen in price by almost $ 3 thousand.
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However, in 2020, bitcoin has already beaten severalhis 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.
Another factor that may have influenced growthBitcoin is what the PayPal platform allowed to use it to buy and sell virtual coins in October. In addition, several large institutional investors have announced their interest in buying crypto-pegged funds.
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