After Bitcoin’s staggering spike to a record $ 40,000 (S $ 53,000) in January 2021, digital currencies, or cryptocurrencies, have caught the public eye.
From around US $ 7,000 in January 2020, Bitcoin rose to around US $ 30,000 by December 2020, reaching a new record high of over US $ 40,000 in January 2021 and is now at US $ 32,000.
By comparison, Tesla, the hottest stock of 2020, rose from around $ 100 to over $ 700 from January 2020 to December 2020, while the S&P 500 only gained around 15 percent over the same period. With wins like that, it’s no wonder even the man on the street is talking about Bitcoin (and Tesla).
