BITCOIN is predicted by many experts within the field to go mainstream in 2021 as the momentum behind cryptocurrencies shows no sign of abating. In recent weeks, the Bitcoin price has skyrocketed to unprecedented highs and this has brought with it attention from a whole generation of investors and savers.
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Bitcoin has ridden a wave of momentum in recent months, with the digital asset climbing to over $52,000 per coin over the last few days according to coinmarketcap.com. This rise is incredible to see given that Bitcoin was valued at around $11,000 in September 2020 and was less than $1,000 in early 2017.
| UPDATED: 10:49, Sat, Feb 13, 2021
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Bitcoin history is directly tied in with the global financial system, with its value being derived from huge, arguably reckless, changes to the financial status quo. The initial creation of Bitcoin and indeed, many other crypto currencies, was in a rebellious response to the 2008 financial crisis.
| UPDATED: 08:26, Sun, Jan 3, 2021
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Flagship cryptocurrency bitcoin is continuing its remarkable rally by today topping $34,000 for the first time ever. The past twelve months alone have witnessed the cryptocurrency’s value rise by 300 percent. Bitcoin was valued at $33,823 (£24,737) at 6.44am GMT on Sunday, January 3, according to CoinDesk.com data - only two weeks after passing the $20,000 (£14,627) mark.