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Bitcoin Hits $30K and Records All-Time High Price against Gold
Jan 2 2021 · 12:56 UTC by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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While Bitcoin has enjoyed a high level of acceptance both from investors as well as recognition from the mainstream media, many gold proponents believe its meteoric rise is a bubble.
Bitcoin (BTC) price continued the bullish rally which it began towards the end of 2020, on Friday as it recorded a new all-time high value against Gold, its counterpart asset in use as a hedge against inflation. Moreover, today Bitcoin has managed to hit a new peak of over $30,000. At the time of writing, the asset is trading at $30,433.24 (+3.69%). ....

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