Bitcoin prices have surged by over 160% year-to-date, driven by multiple factors including higher institutional interest, fintech companies Paypal and Square's moves into the crypto space, and also by a view that scarce digital currency could be a hedge against inflation and a weakening U.S. dollar.
How Nvidia, Square & PayPal Stocks Are Benefiting From Soaring Bitcoin Prices
Forbes - 7 Dec 2020 16:30
Bitcoin prices have surged by over 160% year-to-date, driven by multiple factors including higher institutional interest, fintech companies Paypal and Square's moves into the crypto space, and also by a view that scarce digital currency could be a hedge against inflation and a weakening U.S. dollar.
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