Current Events > Bitcoin breaks above $19,000 and approaches its all time record high

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https://markets.businessinsider.com/currencies/news/bitcoin-price-19000-nears-record-cryptocurrency-frenzy-btc-investor-trading-2020-11-1029834236

Bitcoin jumped above $19,000 on Tuesday for the first time since 2017 as Wall Street and Main Street rekindled their interest in cryptocurrencies and extended the digital token's rally. The world's most popular cryptocurrency surged as much as 3.3% through the morning to an intraday high of $19,272.21. The gains brought Bitcoin just a hair below its all-time high of $19,783 reached in December 2017. Some of Wall Street's biggest names have also backed the rally. Rick Rieder, BlackRock's chief investment officer, said Friday that Bitcoin was "here to stay" because of millennials' interest in digital payments. Stanley Druckenmiller said on November 9 that he had "warmed up to the fact that bitcoin could be an asset class that has a lot of attraction." Others are skeptical about the run. Ray Dalio said last week that he "might be missing something about bitcoin," adding that its volatility diminishes its use as a store of wealth and a medium of exchange. Even if Bitcoin maintains its lofty value, it can't replace central-bank currencies, because governments are likely to ban the token "and make it too dangerous to use," Dalio tweeted.

I remember it being $3,500 last year and that crypto general on CE purged.

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I feel like this is the 3rd or 4th topic about crypto Ive seen on ce recently

a good sign its near the top?

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John_Galt posted...

a good sign its near the top?

The article and title of this topic explains the situation of bitcoin right now.

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Man, I lost one of my key words in my crypto key usb thing or whatever it's called. I believe there's a way to find out, especially if you're only missing one...

I just need to actually spend the time to do it. Got a couple grand in cryptos on there
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