Bitcoin, the main decentralized cryptocurrency, was worth more than $ 20,000 for the first time in its history on Wednesday.
The virtual currency benefits from the risk appetite among investors. According to data from the Bloomberg financial agency, a bitcoin cost $20,398.50 on Wednesday afternoon.
Since the beginning of the year, the price of bitcoin has risen more than 170 percent. The coins gained popularity because large companies such as PayPal showed more interest in them. This feeds the hope that cryptocurrencies will become more interesting for the general public.
At the beginning of December, bitcoin already managed to break its 2017 high. After the peak in 2017, bitcoin fell far away. In mid-2018, the crypto coin was still worth about $4,000.
“Bitcoin is the gold of the 21st century,” a Citibank analyst recently wrote in an internal report from the largest US bank. He expects the share price to rise significantly by the end of 2012.