Bitcoin has been gaining increasingly more traction with the likes of Tesla Motors shopping for $1.5 billion in Bitcoin, Mastercard supporting cryptocurrency payments on its community this 12 months, Apple probably supporting cryptocurrency and a lot extra, driving the worth of Bitcoin to a historic excessive of $50,000.
With the worth of Bitcoin surging up and over $50,000 — on the time of writing it was a shave underneath $49,700 we’re taking a look at a market cap of $918 billion. $918,000,000,000 — simply $82 million shy of that record-breaking $1 trillion market cap which is unbelievable.
Main corporations are turning to cryptocurrency in rising numbers, particularly when the likes of Elon Musk backs Bitcoin so strongly and thru his firm with Tesla buying $1.5 billion in Bitcoin and will soon accept the cryptocurrency as payment for its Tesla electrical automobiles.
Apple is reportedly contemplating supporting cryptocurrencies like Bitcoin through its Apple Pay software, whereas the oldest financial institution in America — BNY Mellon — are contemplating accepting, holding, and issuing Bitcoin to its shoppers. On the time Bitcoin had hit one other all-time excessive of $48,297 on the time.