The value of this cryptocurrency has reached a record high of more than $22,000, surging by 6 percent on Wednesday resulting in roughly $2,800 increase in the course of just a single day. The last time Bitcoin neared the $20,000 mark was back in 2017, when the cryptocurrency rose by more than 900 percent that year by the middle of December.

“They’re being attracted by the good returns that the digital asset class is currently offering but, more importantly, by the huge future potential it offers,” remarks Nigel Green, CEO of deVere Group, a company which runs a crypto exchange.  “As some of the world’s biggest institutions – among them multinational payment companies and Wall Street giants – pile ever more into crypto, bringing with them their enormous expertise and capital, this in turn swells consumer interest.”