Bitcoin’s Value Reaches an Astonishing $30,000 for the First Time
In 2020, Bitcoin’s value increased by a staggering 300%. This crptocurrency has only been around for a decade or so, and in the year 2020, its demand had increased significantly. It had managed to attract more US investors, because of its perceived inflation-hedging qualities along with the potential for quick gains, and expectations that it would become one of the mainstream payment methods in the near future. Amidst Covid-19 Pandemic, people also considered Bitcoins as a safe investment for the future just like gold, therefore they started to trade bitcoins. On Saturday, in an email, Cofounder of Chainlink, Sergey Nazarov said, You can trade bitcoins on a number of exchanges, the largest of which is Coinbase, which is itself planning to go public and become the first such platform to be listed on Wall Street. A number of other cryptocurrencies use similar blockchain, or electronic ledge technology are also witnessing a surge in their values. For instance, Ethereum, the second biggest after Bitcoin, gained 465% in 2020. Check out? Bitcoin Reaches its Highest Value in Over a Year
