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Bitcoin News Roundup for Dec. 14, 2020

With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.

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On this episode

With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.

JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.

Just because gold is losing momentum and bitcoin is gaining doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.

"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

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