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Bitcoin Continues The Streak, Hovering Above $52,000 For The First Time

Adel 18 February, 2021 3:45 pm Cryptocurrency, Market Update

Bitcoin rose above $52,000 for the first time in its history on Wednesday, February 17th, as the cryptocurrency rose to a record high of $52,340.

Bitcoin was invented in 2009, shortly after the global financial crisis, with the transformation in protests against the banking system into something of “digital gold” that began to attract ordinary investors.

On Wall Street, it appears that the major investment banks are turning to Bitcoin. As JPMorgan said recently it is seriously looking into this asset class, Goldman Sachs has also shown an interest in cryptocurrencies.

Companies like PayPal and Mastercard have taken important steps to support cryptocurrencies. Tesla said last week that it had invested $1.5 billion in Bitcoin and planned to accept the digital currency as payment for its products.

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