Investors kept betting Monday that Bitcoin was on its way to becoming a mainstream asset.

It traded a close to $33,400 in Asia in early trade after it reached a record high of $34,800 on Sunday.

The latest milestone for the world's most popular crypto currency came less than three weeks after it crossed $20,000 for the first time overall.

Since March, Bitcoin has surged 800% in value.

Some investors see Bitcoin as a hedge against the risk of inflation is global.

Authorities turn on the stimulus taps to cope with the economic damage of the health crisis.

Others see it as a safe haven assets similar to gold.

Bitcoin's growth also reflects expectations it will become a mainstream payment method, with PayPal opening its networks cryptocurrencies.

Larger US traders are also drawn to the idea of quick gains.

Bitcoins trade on a number of exchange is one of the largest is coin base, which is preparing to go public.

If it goes ahead, it would become the first major US crypto currency exchange to list on Wall Street.

It's not just Bitcoin that has hit record highs either.

The second biggest crypto currency, Ethereum, shot to a record of just over $1000 on Sunday.