Bitcoin rose to a record high a day after passing the $20,000 milestone for the first time, according to a report in Reutors.

Large investors have shown interest in the cryptocurrency’s potential for quick gains and its ability to circumvent inflation causing it to increase 10.5% to $23,655, taking its gains this year past 220%,

The cryptocurrency’s supply capped at 21 million, which investors see as protection against the risk of inflation or stimulus help in response to the COVID-19 pandemic.