News > Bitcoin Touches Record Above $29,000, Extending 2020 Rally

Bitcoin Touches Record Above $29,000, Extending 2020 Rally

E-News | 01/01/2021 10:58 AM | Click to read full article

The price of Bitcoin topped $29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year.

“You can buy a stock like Amazon, you can buy a stock like Apple, and you know what you got,” said Dennis Dick, a proprietary trader. “Bitcoin you really just have digits on a screen and you’re really hoping that the guy behind you sees it as being worth more than what you just paid for it,” he said.