New York, USA (CNN) – Bitcoin has reached an all-time high, crossing the $ 20,000 barrier as investors continue to buy the cryptocurrency during the coronavirus pandemic.
This year has been very positively reflected on the Bitcoin currency, as its value has doubled 3 times, as investors gravitated to it and to other cryptocurrencies with the weakening of the US dollar.
“It’s not surprising to us that Bitcoin has reached $ 20,000, but it is a very symbolic threshold as we reach the end of the historical year for Bitcoin. These are only early days, and we think there is a lot more,” said Michael Sonnenshin, managing director of Gray Skill Investments. straight ahead”.
And with the Federal Reserve expected to keep interest rates near zero for several more years, Bitcoin may continue to attract new fans.
And it has become investing more well-known names in Bitcoin recently. A senior BlackRock executive said the cryptocurrency could replace gold, and both payment giants Square and PayPal had adopted Bitcoin.
