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Bitcoin continues to skyrocket

The crypto-currency's rise has set new records.

Jerusalem24 – The infamous crypto-currency, Bitcoin, continued its rapid rise Thursday to reach a new peak of 52 thousand and 175 dollars within two days of crossing the $50 thousand barrier for the first time in its history.

With the rise of Bitcoin’s price its market value rose to the level of $900 billion, for the first time in history.

Some market observers fear the price fluctuation of Bitcoin, as it is not based on any assets, while others see that the situation is different from what it was in 2017, when Bitcoin prices jumped dramatically before collapsing in early 2018.

Interest in the world’s largest cryptocurrency has increased since last year, as investors view Bitcoin as a hedge against inflation and an alternative to the depreciation of the dollar.

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