Bitcoin taps $ 50,000

Bitcoin hit a new record high of $ 50,000 on Tuesday. The rally had already started last year.

The value of the virtual currency that only lives in smartphones and PCs is up this year alone 72 percent upthanks in part to automaker Tesla’s decision to buy $ 1.5 billion worth of Bitcoin and also accept the coin as a form of payment.

Last year, Bitcoin rose 300 percent in value.

Analysts continue to warn that massive price swings are still to be expected. The Bitcoin still remains extremely volatile.

The price collapsed in early 2018, after which it took a long time to recover and private investors in particular dropped out.

Still others point to the possibility that Bitcoin could (someday) take over the role of gold because of limited availability. An increase in value of $ 500,000 per Bitcoin would then be possible.


Source: Nieuws – Emerce by www.emerce.nl.

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