{"id":38981,"date":"2021-01-04T15:41:10","date_gmt":"2021-01-04T15:41:10","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/31896\/Bitcoin-Hits-Record-High-On-Twelfth-Anniversary-Of-Its-Creation.html"},"modified":"2021-01-04T15:41:10","modified_gmt":"2021-01-04T15:41:10","slug":"bitcoin-hits-record-high-on-twelfth-anniversary-of-its-creation","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/bitcoin-hits-record-high-on-twelfth-anniversary-of-its-creation\/","title":{"rendered":"Bitcoin Hits Record High On Twelfth Anniversary Of Its Creation"},"content":{"rendered":"
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Bitcoin<\/a> has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method.<\/p>\n

Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (\u00a322,000) mark for the first time, less than three weeks after first trading above $20,000.<\/p>\n

On Sunday, it hit a new high of more than $34,800, on the 12th anniversary of the bitcoin network being created.<\/p>\n

\nbitcoin surge<\/a>
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Bitcoin\u2019s rapid climb has rekindled memories of previous parabolic rallies and crashes. During 2017, it leapt from about $1,000 to peak over $19,000<\/a>, before tumbling to below $4,000 by the end of 2018.<\/p>\n

But this latest rally comes as some financial institutions show growing interest in bitcoin as an asset class, and as its supporters argue that it is supplanting gold as a store of value.<\/p>\n

\u201cThe number keeps going up as the market has seemingly never been more bullish,\u201d said Paolo Ardoino, the CTO of cryptocurrency exchange Bitfinex. \u201cWe see a very bright future ahead for all bitcoin holders.\u201d<\/p>\n