Digital money, bitcoin soared to more than $18 thousand. The price was the biggest for the first time since December 20th, 2017. Throughout this year bitcoin has continued to accelerate.
Quoted from CNBC, Thursday (19/11/2020) according to data from the CoinDesk industry the price of bitcoin is trading about 8.6% higher on Wednesday morning at the level of $ 18,172. Total interest in bitcoin during 2020 also rose 150%, that was the biggest spike even in the midst of the COVID-19 pandemic crisis.
Previously, the record high price for bitcoin reached US $ 19,783 at the end of 2017, but the following year it fell to a level of US $ 3,122.
Currently interest in bitcoin is getting higher, it is driven by investors who also use bitcoin such as Paul Tudor Jones and Stanley Druckenmiller. In addition, a number of companies have also tried bitcoin transactions such as Fidelity Investments, Square and PayPal.
PayPal itself has recently started allowing its users to buy, hold, and sell virtual currencies. The payment giant will enable digital cash shopping early next year.
According to CoinMarketCap data the market value of bitcoins calculated by multiplying the total number of bitcoins in circulation with the current price stands at US $ 337.2 billion, higher than the US $ 331.8 billion reached in December 2017.
“Bitcoin’s market capitalization is now higher though Crypto assets. It’s worth a little less because there are more bitcoins in the system than in 2017, “said eToro Market Analyst Adam Vettese.
Baca juga: Bitcoin Price $17.000: Hits Three-year High