Bitcoin breached the $20,000 level for the first time in history Wednesday, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency.

“The race is on to secure bitcoin in a market of ever-dwindling supply,” Deane told CNBC. “It’s probably not too strong to say this is institutional FOMO (fear of missing out) and those organizations who have been looking to do this now realize they will have to move fast to secure it.”

https://www.cnbc.com/2020/12/16/bitcoin-breaks-above-20000-for-the-first-time-ever.html

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