The Bitcoin was worth more than $ 40,000 tonight. In less than a month, the cryptocurrency has doubled in value. The price is now around $ 39,000.
The price of bitcoin has fluctuated sharply in recent days. Virtual currency has been on the rise, especially since mid-December.
Only last Saturday did the currency break through the $ 30,000 barrier. Tonight, the price pushed through to a new record of just above $ 40,000. That means that the value of bitcoin has increased eightfold since March.
According to experts, regulation by governments and central banks has given the currency more authority. Besides, professional investors would also purchase bitcoin to better spread their risks in this corona crisis.