- By Wayne Rodrigo
- (General Dispatch) – This Tuesday morning the well-known cryptocurrency reached an all-time high of $50,000 for one bitcoin, according to the media CoinMarketCap.
- As we know historically, bitcoin has had an upward and downward trend, suffering fluctuations with big rises and others with big falls. So the general trend has always been the instability of the currency.
- At the beginning of last year, the value of Bitcoin hovered around $7,000 to close in December 2020 at its all-time high of $20,000 per unit, following an upward trend to reach $29,000 at the beginning of this year.
- The rise of the cryptocurrency is also supported by large investments from financial behemoths such as PayPal or recently Elon Musk, which has generated greater confidence and has made large investors continue to join the fray.
- Mastercard has also joined the trend of the moment and announced that it will offer support for this cryptocurrency although it has not yet specified the details.
- Encouragement for bitcoin is coming from different quarters and it seems to be a turning point in which the cryptocurrency will become a reality in our daily lives.
- Some experts claim that Bitcoin is the new successor of gold, as well as invite all people to invest in it because it is an anti-inflationary monetary unit, so it will always be a good safe haven.
- It seems that the financial industry will have to embrace the success of Bitcoin and its growing popularity among people, as it seems that it is here to stay.
Adittional Information:
Breitbart: Bitcoin Hits Another All-Time High — $50,000
Independent: BITCOIN PRICE HITS $50,000 FOR FIRST TIME AMID FRESH WALL STREET INTEREST
