Big company platform! Bitcoin broke through $50000, a record high, more than tripled last year

Recently, bitcoin once hit the $50000 mark, setting a new record. Bitcoin soared more than 5% on Sunday afternoon to an all-time high of $49716, according to industry website coindesk. The Valentine’s Day craze is believed to be fueled by news that big companies such as Tesla, MasterCard and bny Mellon are starting to favor cryptocurrencies. Tesla revealed in a document last week that it had bought $1.5 billion worth of bitcoin and said it would soon accept payments in the digital currency. MasterCard said on Thursday it would support some cryptocurrencies later this year, while bny Mellon announced the next day that it would open custody services to digital assets. The price of bitcoin has more than tripled in 2020, up more than 60% since the beginning of the year. Bulls say this is because of increased demand from institutional investors and the perception that bitcoin is a gold like hedge. But bears worry that bitcoin may be one of the biggest market bubbles in history. (source: qianjing.com)

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