Analysis of the reasons behind bitcoins high price in the past three years
2020-12-02 09:46:19
category:Finance

Bitcoin transactions have surged in the past few months, from about $18 billion a day in September to $50 billion a day, according to research firm coingecko. The report points out that bitcoins price rise is driven by retail, professional investors and many platforms that make bitcoin trading easier. ! However, bitcoin is still a small market, according to the report. In the current uptrend, the total market value of bitcoin in circulation is about $362 billion. By contrast, according to the World Gold Council, the size of the gold investment market is about $11.9 trillion at the end of 2019. It is reported that there are about 18.5 million bitcoins in circulation. Bitcoin prices rose to $19864 on November 30, a record. (Getty image)