Bitcoin Breached Below 50K Price, After Months of Rallying
Posted on 04/23/2021
The price of bitcoin recently breached US$ 50,000 after months of rallying to new highs. Bitcoin hit a record high of US$ 64,870 on April 14, 2021, ahead of Coinbase Global Inc.’s listing.
Bitcoin Market Capitalization
The launch of U.S. crypto ETFs appear imminent, along with more institutional funds partaking in digital currency exercises.
Nassim Taleb doubled down on his view that bitcoin is a Ponzi scheme and a failed currency. In a CNBC interview, the “Black Swan” author said, “There’s no connection between inflation and bitcoin.”
Some cryptocurrency followers view the cryptocurrency, often referred to as digital gold, as a hedge against inflation.