Here’s What’s Driving Bitcoin’s Record-Breaking Growth
Bitcoin reached a record high on Thursday, climbing above $2,700 for the first time. That’s double the price at the beginning of May, and an incredible 500-fold increase over the past five years.
For Americans, the soaring value might seem like a puzzle, since it doesn’t seem like the payment network is any closer to mainstream acceptance here. But experts tell me that the currency’s recent growth is driven by soaring demand in Asia.