Bitcoin has surged above the $40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month. The record comes just days after the cryptocurrency hit an all-time high of more than $34,800 on Sunday, which was also the 12th anniversary of the bitcoin network being created. Bitcoin first breached...
The price of bitcoin has hit an all-time-high of almost $20,000 three years after the cryptocurrency last spiked to that level. One bitcoin was worth $19,850.11 (£14,880) on Monday afternoon, according to CoinDesk, a bitcoin price index. By Monday evening its value fell back to about $19,223. Demand for bitcoin has surged during November, with its...
On Friday JP Morgan stated: “Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price”. The investment bank and financial services company added: “The potential long-term upside for Bitcoin is considerable as it competes more intensely with gold as an ‘alternative’ currency we...