Bitcoin breaks $ 20,000 for the first time
Bitcoin broke the $ 20,000 mark for the first time on Wednesday. Recorded all-time high.
The cryptocurrency jumped 4.5% to 20 thousand and 440 dollars. Its profits reach more than 170% this year. Supported by demand from major investors attracted by quick earning opportunities, rumored currency resistance to inflation and expectations of becoming a popular payment tool.
Bitcoin's rally saw a huge influx of currency into North America from East Asia. It was fueled by a rush to it from large US investors that previously discouraged them from regulatory concerns.
Bitcoin's rise coincides with what some investors see as a potential safe haven. With the decline in the spot price of gold in recent months.
The ambiguity of the cryptocurrency market has been discouraging some investors such as hedge funds and family accounts. But tighter controls helped calm those fears.