Expand (charge: Thomas Trutschel / / Getty Images News)
The cost of a single bitcoin climbed over $20,000 on Wednesday. The brand newest all-time album covers a year of profits for the planet’s most precious cryptocurrency. The worth of bitcoin in flow is currently roughly $380 billion.
No single event has seemingly pushed bitcoin’s worth over the 20,000 mark. However, an increasing number of businesses, associations and wealthy people have begun to view it like a rewarding long-term investment, forcing demand upwards.
A software firm named MicroStrategy has since poured hundreds of millions of bucks to bitcoin in recent months. It announced it had been increasing an additional $400 million to purchase bitcoin.
