Bitcoin has surged to new heights after breaking above $50,000 for the first time Tuesday The cryptocurrency has received a boost from corporations like Tesla, PayPal and Morgan Stanley that have either invested in the coin itself or are looking to increase accessibility to the market Bitcoin vs Gold: Top Differences Traders Should Know Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption In all too familiar fashion, Bitcoin notched new highs Wednesday just hours after the cryptocurrency breached $50,000 for the first time in history. Even as risk appetite waned in assets like the Nasdaq 100, Australian Dollar and crude oil , demand for the digital asset remained steadfast. Now more than 75% higher in the year-to-date alone, some Bitcoin believers argue the case for a continuation higher has never been stronger as corporations begin wading into the cryptocurrency market.