The world's most valuable virtual currency sold 5.6 percent more, at a price of about 20,600 US dollars, according to market data from Coin Metrics, increasing the annual profit to more than 180 percent.
Analysts say this was spurred by large investors such as Paul Tudor Jones and Stanley Drakenmiller, who converted their own assets into cryptocurrencies, while technology companies such as Square and MicroStrategy used their own income to buy bitcoin.
the newer record reminded many of his jump from 2017, when the value was approximately 20,000 US dollars. This was followed by a sharp drop to almost $ 3,000. However, analysts believe that this value will be stable, because it is not based on speculation, but on investments.
Recall, at the beginning of last month, its value was higher than $ 15,000, so some indicated that this growth could happen by the end of the year. Earlier, Empire Financial Research said that cryptocurrencies are a "techno-libertarian pump and dump scheme", ie artificially inflating stock prices with false and misleading positive statements, in order to sell a cheaply bought stock at a higher price, so they recommend most investors to avoid them.
However, the amount of investors and stable growth so far indicate that the higher price could be real, and not inflated by broker speculation.