Bitcoin Hits Three-Year High Amidst Global Economic Uncertainties

Nov. 21, 2020

Thesteady increase in the valuation of Bitcoinand the growing instability in the global economy is now reportedly making mainstream financial institutions seriously consider investing in digital currencies. That’s according to Alex Mashinsky, chief executive officer at crypto lending firm, Celsius Network, who told Reuters:“Today bitcoin has gotten to a place where institutional investors, banks, and family offices are legitimately pondering involvement as a defense against currency devaluation”.

Passionate techie. Professional tech writer. Proud geek.