Bitcoin Just Hit It's HIGHEST Price Of 2020 - And There's Even More Good News On The Horizon....

Bitcoin soared to the highest price so far in 2020, whle fiat currency declines, BTC finds itself sharing the spotlight with gold. the idea that cryptocurrencies will surface as a feasible option to conventional banking structures.

At the time of publishing, BTC is trading at $11,221, the highest point so far

Matt Maley, chief market strategist at Miller Tabak & Co believes large investors are the difference, saying: “It's attracting the momentum players, and of course, the momentum players play such a big role nowadays  that it’s giving Bitcoin the big move.”

Contributing as well - in the U.S. last week regulators said American banks can provide custody services for the crypto-assets of clients, which could further raise the attractiveness to investors, now knowing their investment can be kept safe and covered by the banks insurance.

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Author: Oliver Redding
Seattle Newsdesk

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