Bitcoin traveled to another record and exceeded the $20 mark for the first time.
According to according to CoinDesk, the cryptocurrency rate during trading today, December 16, jumped by more than 6% and is now 20 dollars.
This year, the value of bitcoin jumped almost three times, including in the last month — by 16% against the background of an active influx of institutional investors into cryptocurrencies.
Risk appetite is supported by large-scale infusions by the Federal Reserve System and central banks of other countries, as well as growing expectations that the coronavirus pandemic will be brought under control thanks to the advent of vaccines. In these conditions, investors are ready to invest in the most risky assets, including bitcoin, given that the yield on the most reliable assets, such as government bonds, is close to zero.
The American payment system PayPal in November opened its cryptocurrency platform to all users in the USA after testing the service on a limited audience. With this feature, users can buy, store, and sell a number of cryptocurrencies, including Bitcoin, within the PayPal app.
Quotations of January Bitcoin contracts during electronic trading on the CME on Wednesday rose by 6,3% to 20.
As a reminder, earlier ElitExpert dealt with what to expect from the bitcoin rate in the future.
