Bitcoin’s price soars to a record high, as investors believe it could be used as a medium to store wealth.
Since the start of the pandemic, bitcoin’s value has increased by 700% and it exceeded $40,000 for the first time earlier this month. This recent surge reflects growing confidence among mainstream investors, financiers and central banks in the future of bitcoin and similar cryptocurrencies within the global financial architecture.
The FTSE100 index fell by 14.3% during 2020; its biggest fall since the height of the financial crisis in 2008.
As we enter the new year, it is a time to reflect on significant events. Protests which erupted in October 2020 to end Nigeria’s SARS (Special Anti-Robbery Squad), a special branch of the police force created in 1992 to combat armed robbery and other serious crimes, was one of these events.