Technology

Bitcoin: Reached $ 15,000, a first since 2018

Bitcoin passed the $ 15,000 mark on Thursday. This is the first time this has happened since January 9, 2018. This confirms the return to preference for cryptocurrency for several months.

This surge is part of a rebound that began in mid-March when Bitcoin was worth less than $ 4,000. Many analysts attribute this return to the global spread of the Covid-19 pandemic. This leads to massive reactions from the central banks, which keep their interest rates very low. As a result, some investors are turning away from traditional physical currencies. They no longer see Bitcoin as a means of payment, but as a kind of “digital gold”.

To explain the rise in Bitcoin, Naeem Aslam, an analyst at Avatrade, told AFP that “more and more companies are adopting Bitcoin”.

In late October, PayPal announced the launch of a service to buy, hold and sell cryptocurrency. As a result, the price of Bitcoin rose to its highest level in over a year for the first time.

Bitcoin was very volatile, rising to nearly $ 20,000 in December 2017 before falling. It is not legal tender and is not issued by a central bank.

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