What factors are driving the bitcoin price surge? | ABC NEWS
The price of bitcoin has reached an all-time high, climbing above $US120,000 for the first time. It comes as a number of digital asset laws, likely to give cryptocurrencies a regulatory framework, are to be voted on by US Congress.
Doctor Aaron Lane from RMIT’s blockchain innovation hub says a regulatory environment and the appeal of bitcoin as a secure ‘digital gold’ investment amid economic uncertainty have contributed to the recent surge in price.
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