Bitcoin has continued to break new ground on Wednesday, surging to an all-high $28,500 or £21,019.
Bitcoin rose over five per cent against the dollar to hit a record high of $28,506.46 (BTC-USD) in early trade in London.
The all-time high means Bitcoin has jumped by 46 per cent since the start of December.
For 2020, the cryptocurrency is up almost 300 per cent, among increased interest from institutional investors, and worries over the inflationary impact of this year’s huge Coronavirus-related stimulus packages.
“Bitcoin has increasingly seen demand from larger US investors, in particular, attracted by its perceived inflation-hedging qualities and the potential for quick gains, as well as expectations it would become a mainstream payments method,” according to Reuters.
