Bitcoin crosses $ 50,000 mark for the first time


The price of bitcoin does not stop rising, and breaking records. The most famous cryptocurrency crossed the threshold of $ 50,000 on Tuesday, February 16, a first as it continues to break records, galvanized by the interest of large banks and companies like Tesla, as it says ” the Express ”.

The money of the future, the stake of our freedom

At around 1:35 p.m. KST, bitcoin rose to $ 50,547.70. This is a historic record and an increase of more than 70% since the start of the year. After a dizzying performance in 2020, bitcoin has seen its value quintuple in the past year.

Bitcoin’s price soared (screenshot)

But if some observers are wary of the volatility of this decentralized market which is not based on any assets, others believe that the situation is very different from 2017, when prices climbed with the same enthusiasm before crashing in early 2018. .

“A growing interest in the business world in cryptocurrencies has transformed the market compared to 2017”, comments Neil Wilson, analyst at Markets.com.

A cryptocurrency that fascinates as much as it divides

Last week, electric car maker Tesla surprised by announcing that it had invested $ 1.5 billion of its cash in bitcoin. The boss of Tesla and the richest man in the world, Elon Musk, does not hesitate to praise the merits of cryptocurrencies on social networks.

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This Tuesday, the MicroStrategy group, a mid-sized American software publisher that made the bet at the end of 2020 to invest heavily in bitcoin, to allow Wall Street investors to bet on cryptocurrency by buying their stock, announced a $ 600 million fundraising “To buy bitcoins”.

In addition, banking and financial groups are increasingly interested in bitcoin: the oldest bank on Wall Street BNY Mellon and MasterCard took over last week from the giant BlackRock or the payment service Paypal, which all announced new cryptocurrency projects in recent months.

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However, the cryptocurrency market is not unanimous: several central bankers, such as Andrew Bailey in the United Kingdom, have dismissed the idea of ​​considering bitcoin as a currency in its own right, or even as a “Digital gold” which would serve to conserve wealth.



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