Bitcoin has been educated over the past few months by approvals from Paul Tudor Jones and Stan Druckenmiller.
Bitcoin reached a new record on Sunday, rising above $ 49,000 for the first time.
The largest crypto-currency in the world reached about $ 49,344 earlier in the day and was around $ 49,202 in London at about 10:20 p.m.
It is now so far this year by about 70% higher. The competitive cryptocurrency Ether set a record on Saturday and is about 150% higher than the year.
Bitcoin has been educated over the past few months by approvals from Paul Tudor Jones and Stan Druckenmiller.
Bloomberg reported earlier that Morgan Stanley may bet on Bitcoin in its $ 150 billion investment arm, following the news late last week that BNY Mellon plans to serve cryptocurrencies to its clients. And that’s after Tesla Inc poured about $ 1.5 billion into Bitcoin. Skeptics warn, however, that the asset class could be in a bubble.
“With every major announcement like the one BNY Mellon has made, other institutions are being urged to accelerate the adoption and deployment of digital assets,” said Patrick Campos, chief strategy officer at Securrency, a developer of blockchain-based financial and regulatory technology , Said Friday.
“Tesla’s recent announcement will encourage other large companies and institutions to accept crypto not only a worthy asset class, but perhaps even an essential one. More importantly, the corresponding expansion of institutional services to support these developments will result in other digital asset-related developments within those institutions and in the larger ecosystem. ”