2 days ago · Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics. Dec 30, · As the US dollar has declined, bitcoin has become a more attractive investment amid concerns that huge government stimulus packages prompted by . Sep 01, · "From a low of a few cents in to the all-time high of late when each bitcoin touched U.S. $20,, Bitcoin has come a long way and Author: Coryanne Hicks.
Bitcoin us newsBitcoin surges to record $28,, quadrupling in value this year | Technology | The Guardian
As the US dollar has declined, bitcoin has become a more attractive investment amid concerns that huge government stimulus packages prompted by the coronavirus pandemic will fuel inflation. On Wednesday the dollar dropped to its lowest level since April , when measured against a basket of currencies.
The US currency is under pressure as investors move into riskier assets, betting on a strong economic recovery next year as coronavirus vaccines are rolled out. Bitcoin has also been boosted by expectations that it will become a more mainstream payment method.
A number of hedge fund managers have revealed this year that they have invested in the cryptocurrency. Bitcoin is even being touted as an alternative to gold. Some analysts expect gold and bitcoin to battle it out for dominance next year. Squawk Alley. PayPal CEO on the outlook for digital currencies in Bitcoin is due for a pullback, but institutions will buy the dip, Novogratz says. Squawk Box. Novogratz: Speculative runs may continue as long as Fed stays where it is.
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