The price of bitcoin for the first time in history exceeded 20 thousand dollars and broke a historical record. At its peak, the price climbed to 20.420. Prior to that, the maximum was recorded in December 2017.
In general, this year the cryptocurrency has risen in price by more than 170 percent. Only since the beginning of September has Bitcoin doubled its value. According to Dow Jones, the cryptocurrency is growing amid general optimism in global markets. By the end of November, bitcoin set the previous record when it cost $ 19 857.03.
Now investors are going to risky deals due to large-scale injections Federal Reserve System ( Fed) and other central banks into the economy. Also, the price of cryptocurrency is spurred on by the general positive on the news that the coronavirus pandemic will be defeated due to the emergence of effective vaccines. Morgan Stanley do not rule out that soon Bitcoin may gradually displace the dollar and deprive it of its reserve currency status.