Why is the price of Bitcoin going up?

Since the beginning of the fall, cryptocurrency prices have been soaring. On Wednesday the Bitcoin price surpassed the $18,000 mark, an all-time high since the beginning of 2018.

Its surge has prompted analysts to predict a new increase that could go even higher than the record, reached in December 2017 record, when a Bitcoin was valued at $19,041. This phenomenon has to do with the fact that Bitcoins are somewhat of a “safe investment” for some, and also because online payment system Paypal recently authorized the use of this cryptocurrency on its platform.

As many governments worldwide are unveiling budget stimulus plans to relaunch their economies, in terms of investments th…

Keep on reading: Why is the price of Bitcoin going up?

Must Read

Samurai X fans alert: New ‘Rurouni Kenshin’ films set to premiere...

0
Two new live-action films based on the popular manga "Rurouni Kenshin" will be released next April and June. Warner Bros. revealed the new dates along...