Bitcoin breaches $20000 to reach all time high
The price of cryptocurrency bitcoin breached $ 20,000 for the first time on Wednesday, the highest ever. The cryptocurrency grew by 4.5 percent after which it reached $ 20,440. The price of bitcoin has increased by more than 170% this year. Actually the popularity of cryptocurrency bitcoin is increasing very fast. 2 billion dollars have been invested in it since October itself.
Talking about the rise in bitcoin, it has also crossed the high label of December 2017. In December 2017, bitcoin hit a high of $ 19818, which has now crossed $ 20,000.This year, the price of bitcoin was $ 5800 in March, in August it doubled and reached close to $ 12000. At the same time, due to increasing popularity of other digital currency including bitcoin, the current decline in gold is being seen.
Increasing investment in bitcoin
Investment in digital currency, especially bitcoin, has increased since last October. The situation is that in mid-October, the price of bitcoin reached the highest level of $ 19462. Now its price has increased to $ 20,440. Since October, more than $ 2 billion has been invested in it. The craze of investing in bitcoin is increasing all over the world because the returns potentials are huge in it. At the same time, as the asset class also increases its investment, increasing its popularity. However, you should consult the experts before investing in any such digital currency.
Bitcoin is once again gaining momentum. In such a situation, it is believed that in the coming time it can be seen rising faster. Since the kind of environment that is being seen in the economy right now, in such a situation, the investors are very cautious and are making any old investment.
