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WEF 2022:

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Bitcoin breaks above $20,000 for first time

LONDON, Dec 16 (Reuters) - Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever.

The cryptocurrency jumped 4.5% to move as high as $20,440.

Bitcoin has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported inflation-resistant qualities, and expectations it will become a mainstream payment method. (Reporting by Thyagaraju Adinarayan, editing by Karin Strohecker)

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