20:42 GMT28 February 2021
Listen Live
    Get short URL

    As the cryptocurrency Bitcoin continues its incredible blast-off amid a pandemic and market uncertainty, some experts believe that its price could reach as high as $50,000.

    Bitcoin, the world's most popular cryptocurrency, reached the $47,000 mark on Monday, according to data from Coindesk news outlet.

    Continuing its rapid increase, the price soared over the last few hours over $7,000, for the third time in several hours breaking a historical record.

    As of 23:00 GTM the cryptocurrency had risen to $45,000, and then, in less than an hour, Bitcoin appreciated by another $1,000 in about 15 minutes.

    A massive leap in the value of Bitcoin was indicated after Tesla confirmed that it had invested $1.5 billion in the cryptocurrency in January. Trading at about $33,000 at the beginning of February, Bitcoin reached $40,000 on Monday.

    As experts from the cryptocurrency exchange Luno and the brokerage OSL, cited by Bloomberg, noted earlier, Bitcoin’s cost may hit $50,000 in the long-term, as the currency appears set to take on gold in the competition for supremacy and best investment.


    Regulation of Bitcoin Will Drive Criminals Underground, Says Twitter CEO Jack Dorsey
    Bitcoin Hits 10-Day High of $36,442
    French Bitcoin Donor Who Gave $500,000 to US Capitol Rioters Reportedly Commits Suicide
    price, cryptocurrency exchanges, cryptocurrency, bitcoin
    Community standardsDiscussion