This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/515806-bitcoin-new-all-time-high/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Bitcoin rockets past $51,000 to reach new all-time high | Bitcoin rockets past $51,000 to reach new all-time high |
| (7 months later) | |
| The world’s most valuable cryptocurrency, bitcoin, continued its rally on Wednesday, soaring above the $51,000 mark. Tuesday had seen it hit $50,000 for the first time ever. | The world’s most valuable cryptocurrency, bitcoin, continued its rally on Wednesday, soaring above the $51,000 mark. Tuesday had seen it hit $50,000 for the first time ever. |
| The crypto coin reached a new record price of $51,715 at around 9:50 GMT, according to data from Coin Metrics. It is currently trading over five percent higher than on Tuesday. | The crypto coin reached a new record price of $51,715 at around 9:50 GMT, according to data from Coin Metrics. It is currently trading over five percent higher than on Tuesday. |
| “$50,000 #Bitcoin is the new normal,” Blockstream CSO Samson Mow said on Wednesday. | “$50,000 #Bitcoin is the new normal,” Blockstream CSO Samson Mow said on Wednesday. |
| He was echoed by popular Twitter account Documenting Bitcoin, which said that “If you think $50,000 a bitcoin is expensive, wait until you hear that the government is about to print $1,900,000,000,000 out of thin air.” | He was echoed by popular Twitter account Documenting Bitcoin, which said that “If you think $50,000 a bitcoin is expensive, wait until you hear that the government is about to print $1,900,000,000,000 out of thin air.” |
| Bitcoin’s proponents attribute its growth to increased demand from institutional investors, as well as corporate buying of the digital currency from companies like Tesla, Square, and MicroStrategy. | Bitcoin’s proponents attribute its growth to increased demand from institutional investors, as well as corporate buying of the digital currency from companies like Tesla, Square, and MicroStrategy. |
| However, crypto-skeptics, such as precious metals buff Peter Schiff, are pointing out that bitcoin may be the biggest bubble in financial markets. | However, crypto-skeptics, such as precious metals buff Peter Schiff, are pointing out that bitcoin may be the biggest bubble in financial markets. |
| JPMorgan strategists said in a note on Tuesday that, unless bitcoin’s volatility starts to ebb, its current price “looks unsustainable.” | JPMorgan strategists said in a note on Tuesday that, unless bitcoin’s volatility starts to ebb, its current price “looks unsustainable.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |