Bitcoin Breaks a New Record, reaching $50,000 for First Time in History

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On the other hand, Morgan Stanley is said to invest a breath-taking $150 billion in Bitcoin. The financial company is exploring with its unit Counterpoint Global whether the cryptocurrency would be a suitable option for its investors.”  

MicroStrategy — American enterprise software firm announced a $600 million debt offering. The company said  that they will use it to buy more Bitcoin. Meanwhile, the company’s CEO Michael Saylor said that the digital token is becoming more stable.

In an interview with CNBC, CEO Michael Saylor said: “I think bitcoin is a much more stable asset class today than it was three years ago. It used to be dominated by leveraged retail traders … on international markets with a lot of leverage.”

 “I think that starting in March of 2020, you saw institutions start to arrive. And I think in 2021 you’re going to see that trend continue. There’re enthusiasts for bitcoin as a medium of exchange. But I personally believe that the compelling use case is a store of value.” Saylor added.