(Techz.vn) This is the first time in history that Bitcoin price has exceeded 50,000 USD threshold.
At 19:32 (Vietnam time), the price of the digital currency Bitcoin reached 50,191 USD and is currently increasing about 73% since the beginning of the year until now. Following the rise of cryptocurrencies, Ether hit a record last Friday and rose about 140% in 2021.
Bitcoin price exceeded $ 50,000 for the first time.
2020 is a year that sees the strong growth of digital currencies. In the fourth quarter alone, the price of digital currency Bitcoin increased 170% to about 29,000 USD and continued to reach 40,000 USD within 7 days. In just six weeks, Bitcoin continued to surpass new milestones, fueling the support of famous investors such as Paul Tudor Jones, Stan Druckenmiller and billionaire Elon Musk. Meanwhile, more than a decade ago, Bitcoin was only trading at a few cents.
The reason for the money Bitcoin Strong growth in early 2021 was attributed to Tesla’s announcement of an investment of $ 1.5 billion in the coin. It was this announcement that became the catalyst for Bitcoin to rise 16% – the strongest increase in a day since Covid-19 made financial markets volatile last March.
And yet, since Mastercard and Bank of New York Mellon Corp. Offering support for customers to use cryptocurrencies more easily, optimism about these currencies increases. Recently, Bloomberg reported that Morgan Stanley might be betting on Bitcoin.
“Whether it’s Musk, Mastercard or Morgan Stanley, motivation is a must. To the dissatisfaction of some people, the Bitcoin train left the station ” – Antoni Trenchev – partner and co-founder of Nexo in London – one of the largest crypto lenders in the world said.
In the past year digital currency Bitcoin 400% increase meanwhile, interest rates from central banks are almost zero and governments have launched stimulus waves of an unprecedented scale after the Covid-19 pandemic.
But Trenchev has warned investors to be prepared for volatility after Bitcoin hits its latest milestone. He cites a 30% reduction last month. He said “Short-term volatility is a feature of the current price market, investors should be prepared ”.