It seems Bitcoin isn’t going to stop anytime soon. The cryptocurrency has now achieved a new milestone by crossing $50,000 and reached to a new high of $50,602 after surge of nearly 5% in its value.
Bitcoin has risen around 72% so far this year mainly driven by Elon Musk’s backing. Tesla also confirmed that it has bought $1.5 billion in bitcoin and will soon start accepting Bitcoin as a payment for Tesla cars.
See the Bitcoin price chart below. Once it was below the $5000 mark in March 2020 at its lowest point. Now it has crossed the $50,000 mark.
The cryptocurrency market was down for almost 2 years from 2018 to 2020 but now it is going up. Several notable people in tech have backed Cryptocurrencies. Jack Dorsey and Jay-Z recently launch a Bitcoin fund. Wikimedia, which owns Wikipedia, also accepts donations in Bitcoin. Some other companies like Twitch, Microsoft, Burger King, At&T, KFC, and more now accept payments in Bitcoin. So, Bitcoin will surely achieve some major milestones in 2021.
