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Analysis: Bitcoin Soars 260% in Three Months; Is This Spike Different From 2017?

RIO DE JANEIRO, BRAZIL - Bitcoin began an impressive rally and if in the past it was hard to picture the digital currency reaching US$20,000, now it has topped US$40,000, hitting US$40,216 at its daily peak, the equivalent of R$216,939 yesterday.

In these first seven days of 2021 alone, the largest cryptocurrency in the world has already spiked over 34%, and the cumulative appreciation over the past three months is now above 260%.

According to experts, although it is not possible to rule out a short-term correction of the cryptocurrency, there are . . .

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