Markets

Bitcoin soars 170% this year and renews historic highs

Bitcoin this year has already appreciated more than 170%, driven by the appetite of investors looking for riskier assets in the context of economic stimuli.

The cryptocurrency Bitcoin reached a price of $ 19.864,15 this Monday and renewed historic highs, which had been reached almost three years ago.

Bitcoin this year has already appreciated more than 170%, driven by the appetite of investors looking for riskier assets in the context of economic stimuli.

The agency "Reuters“, Sergey Nazarov, co-founder of Chainlink, a decentralized network specializing in blockhain technology, said that“ Bitcoin is an active natural haven for those who seek protection from the issue of currency by central banks and inflation that everyone agrees to that is already rising ”.

Bitcoin has a volatile history. In 2017, cryptocurrency gained more than 250% in just 35 days, having then devalued 70% in less than two months after reaching peaks in December 2017.

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PremiumCryptocurrency: Bitcoin, the currency that wants to imitate gold

After the dazzling rise followed by a downward spiral in 2017, bitcoin's value has skyrocketed more than 150% this year. The appetite for risk, the entry of institutional investors, the scarcity of supply and the perception that it could become a reserve asset brought the price close to highs and to the level of 20 thousand dollars for each currency.
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