RATE Group | Bitcoin soars past $10,000 after US confirms work on a digital dollar
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Bitcoin soars past $10,000 after US confirms work on a digital dollar

12 Feb Bitcoin soars past $10,000 after US confirms work on a digital dollar

Posted at 04:02h in Bitcoin News by

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Remember Bitcoin? The cryptocurrency craze that instantly made thousands of computer geeks rich – and then dashed their fortunes away just as fast – is back on the agenda.

In 2020 Bitcoin’s price has risen by 54 per cent, sparking rumours that it may be on the verge of another investor bubble.

In Mid-December of last year Bitcoin’s price was languishing at $USD 6,584.03. Today, a single Bitcoin will set you back $USD 10,132.71.

Bitcoin’s price has skyrocketed almost overnight. (Coindesk)

The resurgence of cryptocurrency comes on the heels of legitimacy by the US Government.

Federal Chairman Jerome Powell, who is essentially the governor of America’s central bank, overnight in a speech to congress said the Federal Reserve was investigating developing its own digital dollar.

While Mr Powell made no mention to Bitcoin itself, the mere whisper of federally-sanctioned cryptocurrencies is enough to inspire investors back to the blockchain.

Bitcoin has grown in price by 54 per cent in 2020…

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