After the descent last week
The digital currency Bitcoin is picking up speed again. On Wednesday, the price of the most famous cryptocurrency rose above the $ 50,000 mark. In the high, $ 52,652 was achieved on the Bitstamp trading platform. That is significantly more than the rate of the past few days. The record high, which was set at $ 58,354 in mid-February, is still a few thousand dollars away.
In the past few months, Bitcoin and some other internet currencies had risen wildly. In the fall, a Bitcoin was only worth $ 10,000, then it rose sharply. The main reason is the growing interest from companies and long-term investors. The dazzling billionaire Elon Musk and the electric car manufacturer Tesla are prime examples. But other companies, not least from the financial scene, are increasingly interested in digital systems.
Regardless of this, Bitcoin & Co. still has a dubious reputation. Digital currencies are discredited for being used for illegal activities. In addition, the energy consumption for production (mining) is sometimes immense, which is a considerable penalty, especially in times of climate change and sustainable investments. Crypto values are also known for their sometimes erratic price fluctuations, which in the eyes of many critics disqualify them as a means of payment and financial investment.
