Bitcoin surges to highest level since mid-February

The world’s largest cryptocurrency rallied above $10,000 again amid optimism digital assets will continue to benefit in the wake of unprecedented global fiscal and monetary stimulus.

Cryptocurrency fans have seen prices rise in 2020 thanks to projections that digital tokens can benefit as central banks and governments around the world unleash stimulus measures to shore up listing economies. Some of Wall Street’s best-known names have embraced bitcoin, arguing that crypto assets can act as a hedge against inflation in the current environment.

That rings true to Nigel Green, CEO and founder of deVere Group, who says steps taken by governments and central banks to boost their economies could trigger a price increase for bitcoin.

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