Moneycontrol PRO
X

business

3-Point Analysis | Bitcoin price heads for all-time high, is this real comeback or just another bubble?

Bitcoin, on November 18, broke through $18,000-mark to hit a new year-to-date peak as its blistering 2020 rally.  Bitcoin is now close to its all-time high of just under $20,000, which it touched at the peak of its retail investor-fuelled 2017 bubble. What's the real reason behind Bitcoin’s blistering rally? Is this a comeback or just another bubble? Can Bitcoin outdo Gold? Have your questions answered in this edition of 3-Point Analysis.

first published: Nov 19, 2020 12:59 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347