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Bitcoin soars past $120,000 as analysts predict new all-time high by end of year
Bitcoin is up over 10% this week, crossing $120,000 for the first time since its previous all-time high record of over $124,000 on August 14. This is a 97% jump from where bitcoin was a year ago, hovering around $60,700. John Haar, managing director at Swan Bitcoin, told Sherwood News that bitcoin’s rise this week is due to a confluence of factors, including the government shutdown causing fiscal uncertainty, highlighting the value of assets like bitcoin and gold. “Over the longer term, with global debt at record highs and fiat currencies under pressure, bitcoin is increasingly seen as a liquid, non-sovereign ... (full story)
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