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3-Point Analysis| Bitcoin is witnessing an unprecedented rise; will the lucky streak continue in 2021?

After breaking its all-time record earlier this month by going over the $20,000 mark, Bitcoin is now trading over $27,000.

December 28, 2020 / 04:42 PM IST

After breaking its all-time record earlier this month by going over the $20,000 mark, Bitcoin is now trading over $27,000. The world's most renowned cryptocurrency has seen an unprecedented rise in prices this year, with its value witnessing a 240 percent jump since the beginning of the year. Bitcoin with its recent sharp surge is now valued more than the world’s largest financial services company Visa. In our 3-point analysis, we find out if the phenomenal run in Bitcoin will continue in 2021.