Bitcoin Gains Popularity As U.S. Dollar Weakens

The cryptocurrency bitcoin's growing acceptance is reflected by customers being able to now use it on PayPal.
Posted at 3:03 PM, Dec 01, 2020

Bitcoin hit a record high against the dollar Monday. The cryptocurrency has soared 170 percent this year.

Experts say more people are turning to Bitcoin as the U.S. dollar weakens and cryptocurrency gains more mainstream acceptance.

Both Square and Paypal now allow customers to buy and sell Bitcoin.

It closed Monday at nearly $20,000.