Bitcoin hits all-time high, closes in on $20,000

Posted: Dec 2, 2020 16:38

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Bitcoin climbed to an all-time high of $19,920.53 on Dec 1, going past its Dec 18, 2017 high of $18,094. The cryptocurrency had been written off by many when it crashed to $3,122 on Dec 16, 2018.

Bitcoin has gained nearly 180% since the start of this year, with a section of the market viewing it as a safe haven during the coronavirus crisis. Opinions about its worth continue to be divided, but there are several renowned investors and institutions backing it after its comeback.

BBC : Bitcoin peaks at record high close to $20,000

Marketwatch : Head of world’s largest asset manager says bitcoin can possibly ‘evolve into a global market’ asset

Business Insider (Feb 24, 2020) : Warren Buffett blasts bitcoin as worthless and vows he will never own a cryptocurrency

CNBC (May 11, 2020) : Paul Tudor Jones calls bitcoin a ‘great speculation,’ says he has almost 2% of his assets in it

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