Why is the price of Bitcoin going up?

Since the beginning of the fall, cryptocurrency prices have been soaring. On Wednesday the Bitcoin price surpassed the $18,000 mark, an all-time high since the beginning of 2018. Its surge has prompted analysts to predict a new increase that could go even higher than the record, reached in December 2017 record, when a Bitcoin was valued at $19,041. This phenomenon has to do with the fact that Bitcoins are somewhat of a “safe investment” for some, and also because online payment system Paypal recently authorized the use of this cryptocurrency on its platform.As many governments worldwide are un…

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