The soaring of the digital currency Bitcoin continues. On Saturday, the price of the oldest and most famous cryptocurrency rose above the round mark of 25 for the first time. 000 U.S. dollar. A high of 25. 000 dollars was reached on the Bitstamp trading platform. That is a record high. On other trading venues, of which there are numerous, the record levels may differ, as there is no central Bitcoin trading.

Breathtaking soaring flight The soaring flight of Bitcoin this year is breathtaking. Started at the beginning of the year with around 8000 dollars, the exchange rate fell during the first Corona wave in spring to less than 4000 dollars. Then began a slow increase that accelerated sharply in the fall. The value of Bitcoin has more than doubled since mid-October alone. With a market share of almost 70 percent, Bitcoin is by far the largest digital currency.

This is the reason for the considerable rise in the price of Bitcoin Year with several developments. It is crucial that the topic of digital currencies has moved more into the focus of investors again. This is not least a consequence of an advance by the large payment service PayPal, which wants to enable its customers to pay in digital currencies such as Bitcoin.

Bitcoin is also boosted by the fact that more and more professional investors are interested in cryptocurrencies . The interest of professional investors is often considered to be long-term, which could stabilize the very volatile Bitcoin rate.

The interest in digital currencies is also increased by the Corona pandemic and the associated sharp rise in national debt. For this reason, some investors fear rising inflation in the medium to long term, which they want to hedge against with alternative investments. (akr)