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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.

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