Bitcoin digital currency reached a new record today, Wednesday, at $ 28,599.99, bringing its gains this year to more than 295%.
According to Arabiya Net, the most popular cryptocurrency in the world in the latest transactions rose 3.5% to $ 28,349.
noting that Bitcoin, in the midst of the Corona pandemic, fell to about $ 3,850 on the thirteenth of March 2020.
2020 highs bring back the rally of gains in 2017, when the cryptocurrency rose about 20 times between January and December's peak, approaching $ 20 thousand levels, before it also fell strongly. Within 12 months, 85% to levels of $ 3160 on the fourteenth of December 2018.
cryptocurrency experts stress that the recent gains are caused by strong demand from institutions in the first place, in contrast to the 2017 gains that came with support from individuals and speculation.
And what also supported the Bitcoin fever is the direction of regulators and financial companies to make cryptocurrencies safer. The Office of the Comptroller of the Currency, which is the regulator An American citizen to allow banks to hold cryptocurrency for customers.
For its part, PayPal announced in October that it would follow its rival Square and allow people to buy and possess Bitcoin and a few other cryptocurrencies.
JPMorgan Chase in October also predicted a rise in the value of Bitcoin in a widely shared note about how Bitcoin is used as an alternative to gold, especially by young investors.
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