Rollercoaster ride for Bitcoin

On Wednesday16th December 2020,  the volatile currency Bitcoin gained 170 per cent this year and jumped 4.5 per cent to as much as  $14, 800 ($20, 000)buoyed by demand from large investors keen on its potential for quick profits. IN November investors had a bumpy ride with the cryptocurrency peaked at £19, 000 before dropping sharply.  In 2017, also Bitcoin rallied to “20, 000 before hitting rock bottom below 3, 300. Bitcoin is traded like real currencies and has growing support as a form of payment with PayPal.

Bitcoin, since it was created in 2009, has seen massive increases this year.