No one believed this virtual currency, which since its creation has broken records to reach its all-time high in 2017, valued at $18,000 per bitcoin. At the end of 2020, bitcoin broke a new record, as one bitcoin has been trading around $30,000 for the past few days. See more. Great achievement at the end of the year for a currency that you will never touch, because it is completely, completely and completely virtual and decentralized or dematerialized.
One bitcoin for every $30,000 plus
The year 2020 may have been marked by the coronavirus health crisis, but it should also be remembered that 2020 saw bitcoin reach new heights. Indeed, it has become the first non-physical currency to reach a value of up to $30,000 at a direct exchange rate.
To be more specific, Bitcoin is now trading at $32,127 as of this writing.
As a reminder, in December 2019 bitcoin had already reached $20,000 at the direct exchange rate.
before depreciating to the point of trading of approximately $4,500 during the year. This apparent jump is mainly due to the confidence gained in this virtual currency.
PayPal at the Root of Bitcoin’s Explosion of Value
It really should be remembered that the recent surge in the value of bitcoin is related to the launch last October of a service by PayPal for buying, selling and paying in the cryptocurrency.
In addition, there is a growing interest from individuals and investment funds in this currency, the value, progress or existence of which no government can determine.
, Many private investors don’t dare to approach yet and stay on edge », underlines Timo Anden, director of Emden Research.