Bitcoin ALL-TIME high, soars 1,000% in year!

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THE price of bitcoin has hit a record high as interest in cryptocurrencies continues to boom.

Bitcoin has soared above $62,000 (£45,000) for the first time, according to CoinMarketCap’s price index.

Interest in bitcoin and crypto has surged over the past year

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Interest in bitcoin and crypto has surged over the past year

The latest surge means bitcoin has more than doubled in price in the last year and comes as digital currencies become more mainstream.

See also  Peter Schiff: If you really want to buy #Bitcoin, wait until #MicroStrategy sells its last satoshi. If MSTR keeps selling stock and borrowing money to buy into a falling market, existing or new shareholders will be forced to liquidate.

Well known companies such as PayPal, FacebookTesla and Square are among those backing the cryptocurrency in recent months.

See also  Bitcoin Breaks $40,000 Barrier (Again) As US Dollar Deteriorates

Paypal said that it will let users buy and sell bitcoin for the first time – and even use it to make purchases.

But there have also been warnings around scams related to cryptocurrencies, and prices are volatile.

www.thesun.co.uk/money/14632957/bitcoin-price-hits-all-time-high-cryptocurrency-soars/

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