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Cryptocurrencies: 24715
Markets: 95953
Market Cap: $3,532,043,383,936     
24h Vol: $90,506,682,984
Seeking Alpha 2021-02-17 09:28:32

Bitcoin rally keeps going, tops $51K for first time

Bitcoin rally keeps going, tops $51K for first time
The blistering rally in Bitcoin (BTC-USD) is continuing this morning, as the crypto tacked on another $1,000, a day after breaking above $50,000 for the first time in history. More are showing support for the alternative asset, with Mastercard and Bank of New York Mellon making it easier for customers to use cryptocurrencies. Tesla also invested $1.5B in Bitcoin and announced it would begin accepting the crypto for payment "in the near future.""I think bitcoin is a much more stable asset class today than it was three years ago," said Michael Saylor, CEO of enterprise software firm MicroStrategy (MSTR). "I think that starting in March of 2020, you saw institutions start to arrive, and I think in 2021 you're going to see that trend continue. They're enthusiasts for bitcoin as a medium of exchange... but I personally believe that the compelling use case is a store of value."MicroStrategy even announced
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