Dec 17, · Bitcoin hits new all-time high above $23,, extending its wild rally. Published Thu, Dec 17 AM EST Updated Thu, Stock Quotes, and Market Data and Analysis. Dec 17, · Bitcoin tops $23, The buzz-worthy cryptocurrency hit a record high Thursday, topping $23, Its price has benefited from increased popularity . Dec 16, · As Bitcoin hits record above $20K, market analysts share what's next Bitcoin just crossed $20, to mark a fresh record high. JC O'Hara of MKM Partners and Steve Chiavarone of Federated Hermes.
Bitcoin hits stock market
Bitcoin is widely traded much like real currencies such as the pound and the US dollar. But it also has growing support as a form of payment with PayPal among the most recent adopters of digital currencies. He said he was "very nervous" about people using Bitcoin for payments pointing out that investors should realise its price is extremely volatile. While the price of Bitcoin has seen a massive increase this year, it has seen many peaks and troughs since it was created in When asked about a potential crash she said: "That's the nature of cryptocurrencies as there are some players who could try and manipulate it and there is no government or international body that would try to somehow preserve the price.
Lucas Huang at currency exchange platform Tokenlon said it was "surprising" that Bitcoin had hit an all-time high, saying it "may be a sign that institutional buyers have a bigger play in this bull run".
However, crypto fans claim this year's rally is unlike as it's being driven by institutional buying rather than retail speculation. The big players that were once very distant from bitcoin and were outspoken critics are now joining in with the run.
Well-known investors like Paul Tudor Jones and Stanley Druckenmiller have come out as believers in bitcoin this year, while large financial companies like PayPal and Fidelity have also made moves in the space. Grayscale's Bitcoin Trust has become a popular investment vehicle for investors looking to put money into the cryptocurrency.
However, it's worth noting some investors made lofty calls about the bitcoin price in that ultimately didn't come to fruition. Skeptics see bitcoin as a speculative asset with no intrinsic value, with investors like billionaire Berkshire Hathaway CEO Warren Buffett saying trading in the digital currency is more akin to gambling. Skip Navigation.