Bitcoin (BTC) price hits fresh record highs as analysts predict continued demand

Bitcoin (BTC) price hit a new all-time high on Wednesday, breaking above the $20,000 mark and reaching as high as $23,777. Fundamental analysis: High demand Bitcoin’s rally this year is different from its previous ones, according to many experts, as this time it was fueled by surging institutional adoption and coronavirus-induced circumstances.  “There will be a search for alternative currencies due to constant fiat money debasement,” Deutsche Bank analysts wrote in a note.  “It does feel that bitcoin will continue to be in high demand.” The pandemic has left a huge scar on the global economy and industries around the