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Bitcoin Setting New Record Amid Pandemic
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This year has unnerved a great many people in an economic sense due to the restrictions related to the COVID-19 pandemic. This has been reflected in the stock market, which surges and retrenches based on vaccine announcements and distribution timelines. This same volatility has also driven buying of alternative stores of value. This includes that old standby of gold, as well as digital age alternatives like Bitcoin, Ether, and XRP. Bitcoin has just hit levels it last saw in December 2017, briefly setting a new all-time high for the cryptocurrency. We'll look at the factors driving Bitcoin's continued strength in 2020 and what it means for the market.
Bitcoin actually spent most of 2020 trading under the $10,000 mark before catching fire in
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