Too Long; Didn't Read
Bitcoin has reached its new all-time-high level of $41,941.56.56 on January 8, 2021. Investors around the world are placing stakes on this digital currency to hedge against inflation, as central banks continue issuing fiat currency to help the economy. Bitcoin is a truly digital equivalent of gold, but if the gold rates increased by 22% during the last year, the price of Bitcoin increased by 144%! Bitcoin is trading at record levels since December 2020. The world’s leading media are reporting a record investing inflow from huge institutional companies in Bitcoin.