Bitcoin continued its seemingly unstoppable ascent on Friday, surpassing $54,000 and a market worth of $1 trillion as traders and backers together with Elon Musk and Tesla (TSLA) – Get Report defended their latest giant purchases of the digital token.
Driving the surge: the acceptance that bitcoin is a digital type of gold and an asset class – one thing that Tesla and others have purchased into – actually – by scooping up huge quantities of the digital tokens.
On the identical time, there are different crytpocurrencies on the market which can be gaining credibility, together with Ethereum, says Osprey Funds’ Greg King, whose agency this week launched the Osprey Bitcoin Belief (OBTC).
