Bitcoin has soared by more than 10% in the past two days, overtaking the $15,000 mark for the first time since January 2018, with experts speculating it could reach $20,000 soon, back to its 2017 peak.

The crypto currency is now becoming the world’s favorite safe haven.

“It was important for bitcoin to overcome the resistance area near $12,000,” Alex Kuptsikevich, FxPro senior financial analyst, told Forbes.

The fear factor plays into this, of course, and we saw it in 2016 presidential elections, too. Then, the price of bitcoin was around $709 before it climbed towards $20,000.

But this time around there’s history to learn from, in addition sentiment–as well as a series of positive moves towards bitcoin, including PayPal’s big tie-in to the crypto.

PayPal customers will now be able to use cryptocurrencies to pay merchants beginning in early 2021.

Last month, PayPal secured the first conditional cryptocurrency license from the New York State Department of Financial Services, the first approved entity for a conditional Bitlicense in New York State.

By many accounts, PayPal’s move makes crypto “useful”–to the mainstream.

With prices riding above $15,600 at the time of writing, it’s hard to argue–as many do–that it will end up crashing into oblivion.

Andy Edstrom of California-based WESCAP Group recently said that one bitcoin will be worth $400,000 by 2030.

Germany’s largest lender, Deutsche Bank, suggests that cryptocurrencies could replace cash payments within the next decade.

Bitcoin has witnessed strong growth this year during the COVID-19 pandemic, with the Bitcoin more than doubling in value year-to-date.

And mainstream companies keep jumping on board…CLICK for complete article