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| Subject: Bitcoin Price Sets New Record High of $19,850 Tue Dec 01, 2020 5:13 pm | |
| After nearly three years of waiting, bitcoin investors could celebrate a new all-time high with the leading cryptocurrency leaping to $19,850.11 Monday morning, breaking the previous record set in December 2017, according to CoinDesk Bitcoin Price Index (BPI) data.
Long-time bitcoin investors have weathered more than one bearish market cycle. But for newer participants, the record highs represent validation of their investment as the cryptocurrency continues to demonstrate resilience.
“The significance of a new all-time high in dollar terms can’t be understated,” said Kevin Kelly, co-founder of Delphi Digital and former equity analyst at Bloomberg, in a direct message with CoinDesk. “Many skeptics have publicly denounced bitcoin for failing to reach a new high despite such a favorable macro backdrop so this is yet another testament to bitcoin’s staying power.”
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