A representation of virtual currency bitcoin is seen in front of a stock graph. REUTERS
The price of bitcoin hit US$20,000 for the first time, a milestone for the world’s most popular cryptocurrency, fuelled by institutional demand and the participation of Paypal, the giant global payment service provider.
According to Bitkub, Thailand’s leading digital exchange, bitcoin hit a new all-time high of $21,569 on the US-based Coinbase market, a rise of 12.5%. In Thailand, bitcoin peaked at 700,000 baht on Bitkub, making a 200% return, which makes bitcoin the best performing asset this year.
“At this time, all roads seem to lead to bitcoin,” said Poramin Insom, founder and…
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