Bitcoin quoted above $ 50,000 for the first time

Bitcoin quoted above $ 50,000 for the first time

THE Bitcoin it rose today (16) above US $ 50,000 reaching a new record, based on a recovery fueled by signs that the world's largest cryptocurrency is gaining acceptance among conventional investors.

The news advanced today by the Reuters agency (London), informs that the Bitcoin reached a new high of $ 50,602 dollars and, on the last day, had risen 5% to $ 50,300 dollars. That is, in summary this cryptocurrency has risen about 72% so far this year, with most of the gains coming after electric car maker Tesla says it bought $ 1.5 billion dollars in Bitcoin's and also to say that I would accept cryptocurrency as payment.

But Tesla was just the latest in a series of major investments that 'saved' Bitcoin from the fringes of finance to the balance sheets of Wall Street companies and trading desks, according to Reuters reports, as American companies and traditional money managers started to buy many Bitcoin's.

"Recent market conditions and events in both the cryptographic space and the financial world in general place this movement of value within the realm of possibility," said Jacob Skaaning, of the nearby ARK36 crypto fund.

“However, I would like to say a word of caution: although my long-term outlook is optimistic, massive fluctuations in prices and values ​​along the way are expected. THE Bitcoin it is still extremely volatile. ” – stressed Skaaning.

Reuters also mentions in its report that the Ethereum (the lowest-priced cryptocurrency) rose 1.1%, just before its record $ 1,874.98 price was hit.

Reporting by Thyagaraju Adinarayan, additional reporting by Tom Westbrook and Tom Wilson;
edition of Sujata Rao and David Evans


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