Bitcoin surges to record $28,500, quadrupling in value this year

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Institutional investors help cryptocurrency to 47% gain in December as interest in US dollar declines

The cryptocurrency gained more than 5% to hit $28,572 on Wednesday. It is up 47% since the start of December and is on track for its biggest monthly gain since May 2019.As the US dollar has declined, bitcoin has become a more attractive investment amid concerns that huge government stimulus packages prompted by the coronavirus pandemic will fuel inflation. In the US, a bigger package could be passed once Joe Biden has replaced Donald Trump as president.

Source: Digital Coin News (digitalcoinnews.net)

 

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It’s now over $29000.

👀 CaptainMontyOBE

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Congrats to the nerds for proving money is extremely fake.

ARAnchondo

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