Bitcoin hits a new record high above $ 23,000

Bitcoin rose today to a new record amid growing interest in it from major investors, one day after it crossed the $ 20,000 barrier for the first time.

According to Arabiya Net, the most prominent cryptocurrency in the world jumped 10.5% to 23.655 thousand dollars, with its gains this year exceeding 220%, supported by a request from large investors attracted by its ability It has achieved quick gains and is reported to have among its advantages is the hedge against inflation.

Ethereum, smaller than Bitcoin, and which often moves parallel to it, was trading 1.75% higher.

With the arrival of the supply of Bitcoin 21 million, investors see the cryptocurrency as a hedge against the risk of inflation at a time when governments and central banks are heading to financial stimulus due to the Covid pandemic 19.

Deutsche Bank analysts wrote in a note that there will be a search for alternative currencies due to the continuing decline in the value of paper money ... It appears that the demand for Bitcoin will remain high.