Bitcoin price surpasses 3.5 million yen, quadruple price in one year

The price of the virtual currency '

Bitcoin ', which broke through the $ 20,000 mark in December 2020, soared to $ 34,800 (about 3,590,000 yen). did.

Bitcoin Breaches $ 34,000 as Rally Extends Into New Year

Bitcoin hits record high on 12th anniversary of its creation | Technology | The Guardian

Bitcoin, which is gaining popularity among investors, showed a record price surge of '1375%' in 2017, but the market price fell in 2018. In November 2018, it fell by 40% in just two weeks . Although it turned to a recovery trend from 2019, it crashed again in response to the new coronavirus turmoil in March 2020. At one point, it reached a bottom of 5,000 dollars (about 520,000 yen), but it continued to rise to a record level from October 2020 and reached a record high on November 30, 2020.

Bitcoin hits record high for the first time in 3 years-GIGAZINE

This price continued to rise even in December 2020, reaching the '$ 20,000' mark on December 16.

Bitcoin price exceeds 20,000 dollars (about 2 million yen) for the first time-GIGAZINE

The price of Bitcoin continued to grow even more rapidly from December 16, 2020, reaching $ 30,000 (about 3.09 million yen) on January 2, 2021, and the highest amount around 9:00 on January 3. Achieved $ 34,800. From there, it started to decline slightly, and the price at the time of writing the article was 33,568 dollars (about 3.46 million yen).

By Coinbase

It is analyzed that this surge was triggered by the start of handling virtual currencies by Paypal, a major online payment service, in October 2020.

Make it easy to buy, sell and pay virtual currencies with PayPal --GIGAZINE

Regarding Bitcoin, which continues to rise explosively, Warren Buffett, who is known as the 'god of investment,' said that it has no basic value because it does not generate profits or dividends, and 'squared the killer professed to such things 'as, is also the you try the encryption currency is much higher, including the bit coin never and not issue a hand stated we are.

in Note, Posted by darkhorse_log