Bitcoin price exceeds $20,000 for the first time

The bitcoin rate for the first time broke through the psychological bar of $20,000 - over the past three months, the currency quotes have grown by more than 100%.

On Wednesday, December 16, the Bitcoin exchange rate on several of the largest crypto exchanges, including Binance, Bitfinex, Bitstamp and Coinbase, rose above $20,000 for the first time in history.

Prior to this, Bitcoin hit its all-time high in November, when it rose to $19,857. The previous peak was in December 2017, when the cryptocurrency was worth $19,799. Bitcoin supporters expect its rate to rise further up to $22,000, Bloomberg . wrote

According to RBC Crypto, announcements of transactions with it could have affected the bitcoin rate - the Ruffer investment fund with $27 billion in assets announced an investment of $15 million in the main cryptocurrency, and the American company MassMutual (whose investment fund exceeds $235 million) acquired 5470 bitcoins on $100 million

World banks, for example, the Italian Banca Generali, began to work with cryptocurrency this year. And the payment company PayPal announced the opening of access to cryptocurrencies to customers from the United States.

• After a peak in 2017, the price of bitcoin fell by 70% in the following. This time the rise of cryptocurrencies is different from that speculative bubble, some investors believe. About the ups and downs of bitcoin and what to expect from the current rally, we wrote here .