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 $45,000 mark on Monday, according to data from Coindesk news outlet.
In less than an hour, Bitcoin appreciated by more than $1,000, reaching $46,000. Continuing its rapid increase, its price soared over the last few hours over $6,000.
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.
Sourse: sputniknews.com
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