Bitcoin Surpasses $20,000

On Wednesday, Bitcoin shot past $20,000 for the first time.
"Some of the biggest investors in the world have been singing Bitcoin's praises in recent weeks," said an author of a bestselling book on cryptocurrencies.
Business Insider reports that Bitcoin surged more than 5% to trade around $20,550 as of 09:30 a.m. ET.
This breaks its previous record of $19,857 set in late November.
"We will be visiting the $20,000-$22,000 level at least half a dozen times before we break through to the $30,000 range later in 2021," a CEO at a cryptocurrency firm said.