Bitcoin Just Smashed Through $20,000—What’s Next?

Bitcoin, after bouncing around under $20,000 per bitcoin for the last month, has smashed through the psychological price barrier.

The bitcoin price, hitting $20,440 on the Luxembourg-based Bitstamp exchange before falling back slightly, is up around 200% over the last 12 months as governments ramp up spending in the wake of coronavirus lockdowns, investors look to bitcoin as a hedge against inflation, and institutional interest in bitcoin rises.

Bitcoin investors, who have cheered the…

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