Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday less than three weeks after it crossed $20,000 for the first time, on December 16 as investors continue to bet the digital currency is on its way to becoming a mainstream asset. The currency “will be on the road to $50,000 probably in the first quarter of 2021,” Al Jazeera quotes Antoni Trenchev, managing partner and co-founder of Nexo in London, which bills itself as the world’s biggest crypto lender, as saying, adding that institutional investors returning to their desks this week will likely boost prices further after retail buying over the holidays.
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