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Bitcoin hits $60,000 in record high

Forex Mar 13, 2021 10:50AM ET
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2/2 © Reuters. FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration 2/2
 
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(Reuters) - Bitcoin, the world's biggest cryptocurrency, on Saturday crossed a record high of $60,000.

Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment.

In recent weeks, companies have taken advantage of its strength to raise hundreds of millions of dollars in funding, capitalizing on improved market sentiment.

A $1.5 billion bitcoin bet last month by Tesla (NASDAQ:TSLA) Inc saw Elon Musk's electric car company join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey's payments company Square Inc (NYSE:SQ) in swapping some traditional cash reserves for the digital coin.

Coinbase, the biggest U.S. cryptocurrency exchange, filed last month for a Nasdaq listing. Regulatory approval would represent a landmark victory for cryptocurrency advocates seeking mainstream endorsement.

Amid rising customer demand to own and invest in bitcoin, Goldman Sachs Group Inc (NYSE:GS). said this week that it is exploring how to serve those clients while remaining on the right side of regulation. It recently restarted a cryptocurrency trading desk and this month it started dealing bitcoin futures and non-deliverable forwards.

Bitcoin hits $60,000 in record high
 

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Comments (23)
AmericaIsKing oftheGalaxy
AmericaIsKing oftheGalaxy Mar 13, 2021 6:16PM ET
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Mana is up 4300% this year
designio design
designio design Mar 13, 2021 3:31PM ET
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I Myself will short this $1M at the right time!
Jacob Steinschlag
Jacob Steinschlag Mar 13, 2021 3:31PM ET
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hahha good luck losing all your fortune
designio design
designio design Mar 13, 2021 3:28PM ET
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Just ridiculous the way they represent it in pictures as if Bitcoin were some kind of gold coins... This will worth $0,00 as soon they find out how to decrypt it, and already are some claiming to crack Bitcoin by 2022...
رائد AlRahmah
رائد AlRahmah Mar 13, 2021 2:01PM ET
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It looks like the hike is linked to more institutions buying bitcoin. Let's see what is in the news next week
Churn NBurn
ChurnNBurn Mar 13, 2021 1:53PM ET
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Bitcoin is Enron 20 yrs later
Tomas Barkaty
TomasB Mar 13, 2021 1:42PM ET
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:D all haters didint bought it early and now they are so mad! :))
Peter ONeill
Peter ONeill Mar 13, 2021 1:42PM ET
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Buy it for what?? 1 stroke of Fed pen to outlaw it and becomes worthless overnight. Could be worth 1 million a coin and I still wouldn't buy it now as I know 2 days later could be worth 0. Nothing more than a speculative bubble being spurred on by massive amounts of cash in the system + worries over inflation. Plus the higher it goes the more people investing in mining it and the more energy it uses (already using up more than most countries).... an environmental disaster written all over it too...
Jacob Steinschlag
Jacob Steinschlag Mar 13, 2021 1:42PM ET
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hahhaha somebody is jealous
Iwinosa Friday
Iwinosa Friday Mar 13, 2021 12:35PM ET
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is it any money I will call it
Iwinosa Friday
Iwinosa Friday Mar 13, 2021 12:34PM ET
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is it every morning that we collect
Bhagwan Dass
Bhagwan Dass Mar 13, 2021 12:27PM ET
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bitcoin duplicate currency, gold is gold
Pablo Blanc
Pablo Blanc Mar 13, 2021 12:25PM ET
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They bout to rob the ***outta everybody
 
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