Bitcoin hit the $30,000 mark again this month as traders speculate on the Federal Reserve’s potential capital infusion into the US economy amid ongoing banking crises. The cryptocurrency has also gained interest from institutional investors, with major companies like PayPal and MicroStrategy investing in Bitcoin in 2020. Despite its growing popularity, critics warn of its volatility and lack of regulation. Countries like India are even considering banning private cryptocurrencies altogether. As Bitcoin continues to surge in value, the debate over its potential use as an investment tool or currency will likely continue into the future.
Today: December 1, 2023