Bitcoin surpassed my $ 20,000 for the first time in its history, taking advantage of markets ’appetite for risk.
At 1:50 p.m. GMT, the first decentralized cryptocurrency cost $ 20,145.02, gaining 3.8% in the session, after hitting an all-time high of $ 20,398.50, according to Bloomberg data.
Since the beginning of the year bitcoin has risen 185%, driven by the interest of traditional investors who distrusted before this cryptocurrency.
The recent and sharp rise in bitcoin was triggered by the launch of a cryptocurrency buying, selling and payment service from payment giant Paypal on October 21st. Since then this cryptocurrency has gained 40%
In addition to this service intended for individuals, mutual funds of increasing interest in this asset, which is characterized by sharp price movements.
“The use of bitcoin by traditional investors is just beginning,” warns JPMorgan analysts.
Many followers of bitcoin consider that their interest lies in its decentralization: this cryptocurrency, was invented in 2008 by a red anonymous, without depending on any institution.
However the bitcoin has already experienced other dramatic rises, but also vertical falls.