The cryptocurrency jumped as much as 7.6% to $20,893 in New York on Wednesday.
This year Bitcoin has gained more than 170% as larger investors seek it for its purported inflation-resistant qualities.
Further, there are also other reasons that can help increase the cryptocurrency prices even higher.
At the time, CME BTC futures had just launched and there was a lack of institutional investment vehicles.
This time, institutional investor-focused platforms are seeing an explosive increase in trading activity.
This is the start of a new chapter for Bitcoin.
It will be interesting to see if Bitcoin surpasses the US$25,000 before the end of the year.
source: www.techworm.net
