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Bitcoin cryptocurrency surpasses $ 20,000 mark

D.Bitcoin’s soaring continues: The oldest and most important cyber currency jumped the psychologically important mark of $ 20,000 on Wednesday and rose by more than four percent to a record high of $ 20,269. At the end of 2017 and in the past few weeks, Bitcoin had failed several times on this threshold.

The current rally is fueled, among other things, by the plans of the payment service provider PayPal to accept cyber foreign exchange as a means of payment, said Neil Wilson, chief analyst of the online broker Markets.com. The more companies, payment processors and credit card providers do this, the greater the benefits and thus the value of cryptocurrencies.

Steep climb

When trading started in February 2009, Bitcoin was only worth a few cents. In the first few years the currency developed away from the public’s attention. Initially, due to its anonymity, the cryptocurrency had the reputation of being used for criminal business. It was only gradually that more and more private investors and ultimately banks and professional investors became interested in the topic. Bitcoin broke the $ 1,000 mark for the first time in 2013.

The idea behind the digital currency is a currency that exists independently of states, central banks and monetary policy. Unlike traditional currencies, digital means of payment are not controlled from a central point, and bookings do not have to be made from a central point
Position to be confirmed.

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