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  • Bitcoin is on course to end the year with a bang, having surged more than 295% in 2020.

  • On Wednesday, the crypto currency hit a fresh record of over 28 a half $1000.

  • The rally comes amid heightened interest from bigger investors.

  • The world's most popular digital currency was last up 3.7%.

  • Since breaking the $20,000 mark for the first time on December the 16th, it's surged by nearly half.

  • Bitcoin has increasingly seen demand from larger U.

  • S investors.

  • They're attracted to its perceived inflation hedging qualities on the potential for quick gains.

  • There are also expectations it could become a mainstream payments method.

  • Previous worries about the nature of the virtual currency market have also been soothed by tighter regulation in the U.

  • S.

  • But many investors remained wary.

Bitcoin is on course to end the year with a bang, having surged more than 295% in 2020.

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