Bitcoin has topped $30,000 for the first time in its history, extending a rally that has seen the digital currency climb by 300% in 2020.
On Saturday, January 2nd, Bitcoin rose to $31,824 as more and more traders began to invest in it.
Many believe that Bitcoin could now emerge as a mainstream payment method following the global pandemic.
Some used it has a safe haven during the volitility of the pandemic last year – causing it to surge in value. By mid-December it had risen in value to $20,000.
The origins of Bitcoin mean there’s a finite supply so, similar to gold, it can’t be changed by inflationary measures like quantitative easing. What’s more, because bitcoin is decentralised, it doesn’t come under the control of any one government or entity.… Read the rest ...