Forsige
Business

Bitcoin Hits Record $28,600 as 2020 Surge Powers On

Bitcoin hits record $28,600 as 2020 rally powers on

On Wednesday, Bitcoin reached a historic $28,599.99, bringing returns past 295 percent this year despite increased demand from larger investors.

The most famous cryptocurrency in the world was last up 3.7% at $28,375. It has soared by almost half since hitting $20,000 on Dec. 16 for the first time.

In particular, Bitcoin has recently seen interest from broader U.S. investors drawn by its perceived inflation-hedging features and the potential for fast gains, as well as hopes that it will become a common payment mechanism.

In Nigeria, Banks are moving to strategies a means of individuals convenient Bitcoin to Naira conversion as cryptocurrency investment reach an all time high.

+ posts

Nasiru Eneji Abdulrasheed Is a Forsige breaking news reporter and editor, covering Europe, Africa, and the U.S. from Abuja.

More Stories

Investors Slashed $50 Billion From Tesla Market Value

Forsige

Elon Musk Says 'By 2021 Tesla Will Be Available in India

Forsige

Bezos surpasses Musk on Forbes list of the world’s richest individuals, as Tech CEOs grab hold

Nasiru Eneji Abdulrasheed

Volkswagen CEO Diess says VW not seeking a deal with Tesla

Forsige

It’s not Saturday Night Live, but DogeCoin is on the way to the Moon

Nasiru Eneji Abdulrasheed

Tesla Recalls Imported U.S. Vehicles In China, Due To Suspension Issues

Nasiru Eneji Abdulrasheed

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Homepage for World Breaking News

Forsige uses cookies to improve your experience. Are you OK with this? You can opt-out if you wish. Accept Read More

Privacy & Cookies Policy