Investor Interest Raises in Bitcoin Above $23,000

Bitcoin rose to a record high one day after it crossed the $20,000 mark for the first time, amid growing interest in it from major investors.

The world’s most prominent cryptocurrency jumped 10.5% to 23,655 dollars, to exceed its gains this year 220%, supported by a request from large investors attracted by its ability to make quick gains and what is reported that among its advantages is hedging against inflation.

Ethereum, which is smaller than Bitcoin and often moves parallel to it, traded 1.75% higher.

With the arrival of the supply of 21 million Bitcoin, investors see the cryptocurrency as a hedge against the risk of inflation at a time when governments and central banks are heading to a fiscal stimulus due to the Covid-19 pandemic.