The cryptocurrency that is booming, bitcoin, is again setting record. Lots of big players have jumped into the crypto market. In the trading session on Sunday (14/2/2021), the Bitcoin trend continued to climb. It’s even setting the highest record in history, which was almost $ 50,000.
Quoting from CNN, Monday (15/2/2021), the price of Bitcoin strengthened to the level of 49,714 US dollars. Thus, this most popular crypto asset has gained more than 20,000 US dollars since the beginning of 2021.
Bitcoin is an attractive asset for investors, following the decision by the US central bank, The Federal Reserve, which has cut its benchmark interest rate to 0 percent since last year. This is because this policy has been the main sentiment for the weakening of the US dollar exchange rate in the last few months.
For this reason, investors are looking to Bitcoin as a more attractive asset. The reason is, with limited Bitcoin stock, later the price of this crypto asset will continue to strengthen.
Price Touch Records, Bitcoin Attracts Retail Investors and Giant Companies
The strengthening trend that occurs in Bitcoin is not only attracting the attention of retail investors. Giant companies began to provide support for Bitcoin.
Last week, the giant electric car manufacturer, Tesla, stated it plans to accept Bitcoin as a legal tender in the near future. Not only that, the stock market’s most valuable car company has also started choosing to store Bitcoin, rather than other traditional assets.
After a few days, it was MasterCard’s turn to show its support for crypto assets. MasterCard also plans to open a payment network using Bitcoin later.
Touching records, these supports show Bitcoin to be an increasingly trusted asset and can be used across multiple platforms. This makes Bitcoin is projected to continue to strengthen going forward.
Read now: Bitcoin is Widely Hyped, but Ready to Lose?