Buoyed Bitcoin Price Trend Fails to Turn Up on Internet Searches

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For many Bitcoin enthusiasts, the flagship cryptocurrency has arrived on Wall Street with aplomb. Buying one digital unit of Bitcoin now costs around $14,500, about twice higher than it was at the beginning of this year. That is also the highest level since January 2018, when the cryptocurrency was correcting lower from its record peak of nearly $20,000 set in the previous month. Bitcoin nears $14,500 in the latest upside push on Thursday morning. Source: BTCUSD on TradingView.com Many analysts concur that Bitcoin’s renewed price rally has to do with investors’ growing demand for safe-haven assets. Some, including Bloomberg, even believe that the cryptocurrency would revisit $20,000 by the end of this year due to ballooning federal deficits caused by trillions of dollars of government spendings and fears of inflation. Bitcoin’s cheerleaders have long projected it as the ultimate hedging asset against fiat money because it has a definite supply…

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