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BTC price crossed the bar of $50.000.

Bitcoin rise
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Bitcoin rose to $50,547.70, an all-time high around 12:35 GMT today. It then fell back to cost $49,505.35 at 12:55 GMT, up 2.7% on the session and more than 70% year-to-date. After a dizzying performance in 2020, Bitcoin has seen its value increase fivefold in the past year. But while some market observers are wary of the volatility of this decentralized and asset-free market, others believe that the situation is quite different from 2017, when prices had climbed with the same enthusiasm before crashing in early 2018. “Increasing business interest in cryptocurrencies has transformed the market compared to 2017,” said Neil Wilson, an analyst at Markets.com.

Last week (2nd week of February), the electric car manufacturer Tesla created a surprise when it announced that it had invested $1.5 billion of its cash in Bitcoin. Tesla’s boss and the world’s richest man, Elon Musk, has no hesitation in touting the merits of encryption on social networks. On Tuesday, the MicroStrategy Group, a mid-size US software company that made a massive investment in Bitcoin in late 2020, to allow Wall Street investors to bet on cryptography by buying their shares, announced a $600 million fundraising “to buy Bitcoin”. In addition, banking and financial groups are increasingly interested in Bitcoin: the oldest bank on Wall Street, BNY Mellon and MasterCard succeeded last week the giant BlackRock or the payment service Paypal, which have all announced new projects on the cryptosystems in recent months.

On Tuesday 9th, the MicroStrategy Group, a mid-size US software company that made a massive investment in Bitcoin in late 2020 to allow Wall Street investors to bet on cryptography by buying their shares, announced a $600 million fundraising “to buy Bitcoin”. In addition, banking and financial groups are increasingly interested in Bitcoin: the oldest bank on Wall Street BNY Mellon and MasterCard succeeded last week the giant BlackRock or the payment service Paypal, which all announced new projects on cryptocurrencies in recent months. However, the market for cryptocurrencies is not unanimous: several central bankers, such as Andrew Bailey in the UK, have dismissed the idea of considering Bitcoin as a currency in its own right, or even as a “digital gold” that would serve to preserve wealth.

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