Bitcoin price approaches all-time high – should you i

Bitcoin price approaches all-time high – should you invest?


Major companies such as Tesla are now investing in Bitcoin
Credit: DADO RUVIC/REUTERS
Bitcoin has jumped 14pc in a week to trade at over $58,000 per coin, recovering fully recovering from a steep sell-off at the end of February when it plummeted to around $44,000.  
Its bull run this year, which has seen the digital currency double in value, has been credited to a wave of support from large companies, such as Tesla, Mastercard and JP Morgan.
Tesla, the electric car giant run by Elon Musk, announced it had invested $1.5bn (£1.1bn) in the cryptocurrency to diversify its balance sheet by investing in “alternative” assets and said it would begin to accept Bitcoin as a form of payment for its products in the near future.

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