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Bitcoin price rises ten thousand dollars in 5 days and crosses the threshold of 40 thousand dollars for the first time

Bitcoin price rises ten thousand dollars in 5 days and crosses the threshold of 40 thousand dollars for the first time

The virtual Bitcoin price continues to rise sharply, crossing the $ 40,000 threshold for the first time Thursday. And this currency had crossed for the first time the threshold of 30 thousand dollars on Saturday, which means that its price increased by ten thousand dollars within five days.

Bitcoin price rises ten thousand dollars in 5 days and crosses the threshold of 40 thousand dollars for the first time


On Thursday, the virtual currency Bitcoin exchange rate crossed the $ 40,000 threshold for the first time, rising to $ 10,000 within five days. This virtual currency, which recorded random fluctuations in value, for the first time crossed the $ 30,000 threshold on Saturday.


The price of Bitcoin recorded $ 40,380 around 18.20 GMT, recording a 10.4% increase during the trading session.


"Investors continue to ride the Bitcoin train, which seems to attract more accusations, especially as the US economy is preparing to get more stimuli in the first 100 days of Biden," said analyst Edward Moya of the Oanda platform.


It is noteworthy that since its launch in 2008 by an unknown person, Bitcoin has provided itself as an alternative to traditional currencies without controls from the Central Bank and is being issued by a decentralized network, in a revolutionary path that combined traditional financial tools and cryptocurrencies.


This currency has seen a skyrocket since March, when its price reached five thousand dollars, after the PayPal online payment platform announced that account holders would be allowed to use the cryptocurrency.


After the PayPal announcement in October, analysts at investment bank JPMorgan Chase likened the cryptocurrency to gold.


Analysts considered that "Bitcoin could compete with gold as an alternative currency in the coming years, especially as millennials will become, with the passage of time, a larger component among investors."

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