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Bitcoin May Face Regulatory Scrutiny After Record-Breaking Rally, Experts Say Bitcoin almost quadrupled in 2020, surpassing $20,000 (roughly Rs. 14.7 lakhs) for the first time as it notched record after record. By Vildana Hajric, Bloomberg | Updated: 28 December 2020 11:03 IST With Bitcoin capturing greater attention, it could also garner further scrutiny from regulators Highlights Warnings of rampant money-printing by global central banks sparked fears Predicting where bitcoin will go is a fraught exercise It s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency almost quadrupled, surpassing $20,000 (roughly Rs. 14.7 lakhs) for the first time as it notched record after record. The diehards cheered it as an inflation hedge in an era of unprecedented central bank largesse. Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset, adding to the rall

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