Bitcoin surges past $60,000
Crypto advocates say huge amounts of US stimulus funds could prolong boom
Bitcoin is picking up momentum once again, pushing above $60,000 for the first time on Saturday amid optimism that the biggest name in cryptocurrency will achieve wider adoption.
The cryptocurrency hit an all-time high of $60,012 at 1149 GMT on Saturday, according to the website CoinMarketCap. The price in Thailand was quoted at 1.84 million baht.
Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred initially by the online payments giant PayPal saying it would allow account holders to use cryptocurrency. It soared past $55,000 in February but slid back to as low as $41,000 before resuming its upward…