The leading cryptocurrency continues to reach new highs. It has already surged above $58.000. Thus, the cost of 1 Bitcoin exceeded the price of 1 Kilogram of gold.
At the very start of the year, on January 2, Bitcoin reached $30.000. On January 25, it was already traded at $40.000 and a week ago the coin broke $50.000. These numbers show that this year BTC has seen a 90% of the price increase.
A number of large companies announced adopting Bitcoin as a payment method. Among them is well-known financial services provider Master Card.Institutional investments have been growing too.
On February 19, MicroStrategy CEO Michael Saylor announced that the firm had completed a $1.05 billion debt offering, which will be used to buy another $1 billion in bitcoin. On February 8, Tesla told it had bought $1.5 Billion in Bitcoin. According to the estimations of analysts, the company has benefited about $1 Billion due to the investment.