As of yesterday (Dec. 16) cryptocurrency Bitcoin has reached a new record high of over $22,240 USD marking a raise of up to $2,800 USD in only one day. Last Wednesday alone Bitcoin has seen a spike of 6% a little over $20,000 USD. This continues the ongoing trend of massive growth since the start of 2020 that now adds up to over 400%.
Sources report that th newest pricing jolt comes from a roing interesr from investors. The CEO of crypto exchange company, deVere Group, Nigel Green had this to say: “They’re being attracted by the good returns that the digital asset class is currently offering but, more importantly, by the huge future potential it offers,” he said. “As some of the world’s biggest institutions – among them multinational payment companies and Wall Street giants – pile ever more into crypto, bringing with them their enormous expertise and capital, this in turn swells consumer interest.”
This isn’t the first surge near the $20,000 USD mark. The last time that happened was back in 2017 when Bitcoin shot up by over 900% that year by mid-December. At that time a multitude of financial experts & economists stated that there would be a price bubble similar to the Dutch tulip mania of the 17th century and by the following February in 2018 Bitcoin’s price dropped down beneath the $7,000 USD line.
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