How high will Bitcoin go? | Inside Story
One man's pizza bought with eight Bitcoins in 2011 was worth a few cents back then.
Now that very little amount of the virtual currency is equal to around $480,000.
But that's just how much Bitcoin has skyrocketted, hitting an all-time high of $60,000 on Saturday.
The surge is mainly fueled by a growing number of institutional companies embracing the virtual currency.
It's also thought to be driven by the approval of President Joe Biden's $1.9 trillion stimulus package in the U.S.
So could it one day become a real currency and tool of payment?
Presenter: Peter Dobbie
Guests:
John Biggs, Editor of Gizmodo, a technology website.
Glen Goodman, Financial investor and Author of 'The Crypto Trader'.
Gavin Brown, Senior Lecturer in Financial Technology at University of Liverpool.
Subscribe to our channel: http://aje.io/AJSubscribe
Follow us on Twitter: / ajenglish
Find us on Facebook: / aljazeera
Check our website: https://www.aljazeera.com/
#InsideStory #Bitcoin