The currency rose by about $700 today from $19,400, with it attracting corporate and institutional investors.
MicroStrategy is in the process of buying some $650 million worth of gold, the first publicly traded company to incorporate bitcoin in their treasury management.
The dollar is expected to deal with ever increasing debt levels which by 2030 will cost Americans nearly a trillion a year according to the Congressional Budget Office.
That has led many to hedge with hard assets like bitcoin which once again breaks its all time high after a more than two years long bear market.
Where the currency goes now is unknown, but a new level has been reached as we near Christmas 2020.