Is This Bitcoin Rally Different From 2017's Rise And Crash?

Gabor Gurbacs, Director of Digital Assets Strategy, VanEck

26-Nov-20 07:37

Is This Bitcoin Rally Different From 2017's Rise And Crash?

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Bitcoin mania is back, but will it last? Bitcoin breached its record high in 2017, surpassing $19,500 this week, and is up more than 40% in November alone, while more than doubling in 2020.

While bitcoin did crash following the 2017 rally, this time around the cryptocurrency is backed by broader mainstream adoption. So is this time different? Is there more upside to the Bitcoin boom?

Image Credit: Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Roshan Kanesan, Wong Shou Ning

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Categories: Personal Finance, Investments, Financial Literacy, Technology, Tech, Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues

Tags: bitcoin, cryptocurrency, bitcoin rally, store of value, gold 2.0,

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