Bitcoin continues to set a new record high, surpassing $ 41,000 for the first time (equivalent to about 950 million dong) when investors increase their view of the digital currency as a hedge against inflation. .

According to data from the Coin Metrics exchange, in the session on January 8, at 10:10 (US time), bitcoin - the most valuable electronic currency in the world was trading at $ 41,973 (equivalent to about 970 million dong. ). However, it then fell back below the 41,000 USD mark and closed at 40,590 USD, 4% higher than the closing price of the previous session.

Entering the new year of 2021, the bitcoin currency continues to rise sharply despite a rocketing 2020 year of over 300%. In 2021 alone, this coin has increased by about 40%.

The price boom of this cryptocurrency has caught the attention of institutional investors. They are looking at the coin as an energy-safe haven as‌set like gold.

Recently, JPMorgan strategists have suggested that bitcoin is likely to reach $ 146,000 in the long term when comparing it to gold as an "alternative" currency.

The idea of bitcoin as a hedge against inflation continues to attract the attention of investors, as countries pump unprecedented stimulus packages to combat the corona virus crisis. This could cause inflation to spike, analysts say.

Skeptics, however, like American securities investor Peter Schiff and economist Nouriel Roubini, argue that bitcoin as a speculative as‌set has no value and that this bubble market is likely to be. explode at some point.

Bank of America recently released a report stating that bitcoin is "the mother of bubbles" and included a chart showing the coin’s frenetic gains compared to other bubble markets. such as the dotcom boom in the late 1990s and the US housing market bubble in the mid-2000s.

The chart shows the coin’s insane gains relative to other bubble markets