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Bitcoin:
Cryptocurrency increases by more than 30 percent in four weeks
Photo: INA FASSBENDER / AFP
The digital currency Bitcoin continues to soar.
The hanging game of the vote count in the US is driving more investors into the oldest and most important cyber motto.
Bitcoin rose by up to four percent on Wednesday to $ 14,274.53 (see chart), making it as expensive as it was during the hype at the turn of the year 2017/2018.
Because of the uncertain election result, some investors in search of alternative investment opportunities to cryptocurrencies, said analyst Timo Emden from Emden Research.
Under Trump, the US debt has skyrocketed and the US dollar's reputation as the world's reserve currency has suffered.
In addition, Bitcoin & Co. continued to benefit from the plans of the payment service provider PayPal to accept cyber foreign exchange as a means of payment.
In the US presidential election, incumbent Donald Trump declared himself the winner ahead of time.
In some US states, however, he is still head-to-head with his challenger Joe Biden, so that the outcome of the election is still open.
Just a few weeks ago, a Bitcoin was trading below the $ 10,000 mark.
The news follows other well-received news like the establishment of a Bitcoin fund by major investment firm Fidelity this summer.
Bitcoin gained around 30 percent in October alone.
In June, the Bitcoin supply was also reduced by the so-called "halving" - for the third time in the history of the digital currency, the number of which, in contrast to the euro and dollar, is limited.
Immediately after the halving, the currency gave way, but then, as with the halvings before, settled up again.
In March, during the first corona wave, the strongly fluctuating Bitcoin price had fallen below the $ 4,000 mark in the wake of the corona crisis.
The value of the cryptocurrency has more than tripled within eight months.
la / dpa