Bitcoin Tops 50K For First Time As Institutions Move To Accept Cryptocurrency
The latest rally appears to have been sparked by MicroStrategy’s announcement that it plans to increase its investment in Bitcoin, underscoring corporate acceptance of digital currency not backed by a government. The rally won’t price individual investors out of the market and is likely to increase fractional holdings in Bitcoin, an analyst believes. “Just like we have dollars and cents, Bitcoin can be subdivided into ‘Satoshis,’ named after its pseudonymous creator, Satoshi Nakamoto,” Jason Deane, Bitcoin analyst at Quantum Economics in London, told Newsweek....