2021-02-16 CNBC - BTC surpasses $50k for first time as major companies jump in

[acquafredda]

Bitcoin’s price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies.

The world’s largest digital currency by market value rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. ET, according to data from Coin Metrics. It later fell below the mark, trading 0.6% higher at a price of $48,952.

Bitcoin has gotten a boost from news of large firms like Tesla and Mastercard showing support for crypto. Tesla last week revealed it had bought $1.5 billion worth of bitcoin and plans to accept the digital coin as payment for its products, while Mastercard said it will open up its network to some digital currencies. PayPal and BNY Mellon have also made big moves to support crypto.

https://www.cnbc.com/2021/02/16/bitcoin-btc-price-hits-50000-for-the-first-time.html

The mainstream media bandwagon cannot stop talking and writing about bitcoin new highs. Market's been quite frantic lately as those big boys are sitting and eating at our table. Expect shaky days as bitcoin conquers new green fields.

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[bustabitsboy]

The rise in the bitcoin rate is predictable.  Developed countries are already on the verge of adding digital money to the state currency, which will soon cease to be just an investment.

[Streets 2.0]

Conservative central banks will not invest taxpayer money in new cryptocurrency markets just in pursuit of profit. On the contrary, I am sure that corporations have sat down at this table with enthusiasm. Given the "big pocket factor", corporations will soon be able to seize the speculative initiative. Then for sure - hold on tight there will be a storm!