Bitcoin tops $29,000 as late 2020 price surge continues

It took bitcoin (BTC) 10 years in existence to reach the $20,000 mark, on Dec. 15. Then it took just 15 days to reach $29,000. It took the Dow Jones almost three years to make the same move.

Bitcoin started the year at $7,200. It’s ending the year close to $30,000, up 296%. (For comparison, the Nasdaq is up 43% in 2020, the S&P 500 up 16%, the Dow up 7%.)

The 2020 bitcoin bonanza can be chalked up to a convergence of many positive factors, as well as a convergence of narratives.

In the past,…


Source link

About bitcoin

Check Also

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price – Markets and Prices Bitcoin News

Bitcoin prices have been better after the second week of September, hovering around $46.5K to …

Leave a Reply

Your email address will not be published. Required fields are marked *