Enlarge (credit: Thomas Trutschel / Getty Images News)
The price of one bitcoin rose above $20,000 on Wednesday. The new all-time record caps a year of gains for the world's most valuable cryptocurrency. The value of all bitcoin in circulation is now around $380 billion.
No single event seems to have pushed bitcoin's value over the $20,000 mark. But more and more companies, institutions and wealthy individuals have started to see it as a worthwhile long-term investment, driving demand upward.
A software company called MicroStrategy has poured hundreds of millions of dollars into bitcoin in recent months. It recently announced it was raising another $400 million to buy bitcoin.
Read 6 remaining paragraphs | Comments
No comments:
Post a Comment