Bitcoin cryptocurrency has risen over 45,000% in a decade

On Wednesday, Bitcoin reached its highest-ever level, trading at around $109,000, equivalent to over 700,000 Danish kroner. The exact reason for this increase is unclear, but AFP suggests it may be due to renewed optimism about regulatory conditions in the US. Over the past decade, Bitcoin’s value has risen by over 45,000%. Bitcoin is the oldest form of cryptocurrency, a type of digital money that exists only in digital form and can be accessed via computers and digital devices. Transactions bypass banks, with prices driven by supply and demand. Despite resistance from numerous financial institutions and countries, Bitcoin’s value has continued to rise as more businesses accept it as payment. The cryptocurrency previously peaked after Donald Trump’s electoral victory, with his administration expected to be more crypto-friendly.