The value of the cryptocurrency ‘bitcoin’ has reached the highest level in history, the value of one bitcoin has exceeded $30,000 US dollars.
According to the details, the bitcoin is considered to be a virtual cryptocurrency whose value is increasing with each passing day. In recent days, a historical record has been seen, the value of a bitcoin has reached $34,478.82 US dollars.
Large investors are trading on the bitcoin currency for immediate profits, which has led to a rise in its value, reaching a record high of $20,000 in December last year. Some experts believe that the coronavirus has also caused an increase in its value.
According to economists, in the aftermath of the Corona virus outbreak around the world, investors consider the bitcoin safe for their assets, and the value of this virtual cryptocurrency will continue to fluctuate. The dollar fell further.
Bitcoin has also been on the rise since the rise of Covid 19 last year, before the coronavirus investors thought it was safe to trade in dollars, but that changed after the deadly epidemic. Remember that bitcoin trading is just like the real currency, the dollar or the pound.
Record increase in the price of bitcoin
It should be noted that a company called PayPal has recently accepted online payments in bitcoin, but the company still considers it an unstable investment.
Remember that the value of cryptocurrency bitcoin has been declining and rising since the past.