An article about the rise in Bitcoin currency
|Bitcoin currency costs continue to rise.
Bitcoin rose to over $50,000 U.S. today for the first time ever.
The currency rose to $50,191 at 7:32 a.m. this morning in New York.
Last year, Bitcoin cost was $10,000 U.S.
The price of Bitcoin went up 200 per cent in the last three months alone.
The rising cost is a result of more companies accepting Bitcoin as a means of payment.
Tesla Inc. is a company that has added $1.5 billion in Bitcoin to its balance sheet.
Bloomberg has reported that Morgan Stanley quite possibly is going to add Bitcoin to its list of possible bets.
Bitcoin-based exchange traded funds are getting the go-ahead from Canadian regulators.