Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.
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The world’s most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.
Bitcoin has increasingly seen demand from larger U.S. investors in particular, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method.
– Aaron Goldstein, Gambling911.com