Bitcoin's alarming hot streak shows no signs of stopping as the cryptocurrency's price grew to as much as $35,580 on Tuesday night.
Wednesday morning, bitcoin was trading at $34,615. It was less than $20,000 a month ago.
Bitcoin grew steadily even as the stock market plunged in the early days of the pandemic. Investors have been drawn to it, as well as other cryptocurrencies, as the US dollar has weakened.
With the Federal Reserve expected to leave interest rates near zero for several more years, bitcoin may continue to win new fans.
On Monday, Anthony Scaramucci's firm, SkyBridge Capital, officially launched the SkyBridge Bitcoin Fund. It's a fund geared toward wealthy investors looking for exposure to the high-flying crypto. The fund currently holds about $310 million worth of bitcoin.