SAWT BEIRUT INTERNATIONAL

| 23 April 2024, Tuesday |

Bitcoin value sets a new record

The digital currency “Bitcoin” recorded an unprecedented value at 62,575 dollars today, Tuesday, to continue its series of gains in 2021 and reach a new climax.

The price of the largest cryptocurrency in the world has more than doubled this year, amid the growing acceptance of the traditional financial sector as a tool for investment and a means of payment, and as investors search for high-yielding assets in light of low interest rates.

Major companies have expressed their acceptance of, or invested in, cryptocurrencies, including BNY Mellon, MasterCard and Tesla.

A report issued by one of the Wall Street giants, Bank of New York Mellon Corporation, “BNY” expects that this currency will achieve levels in which it breaks the $ 100,000 mark, and may reach new levels by next July, according to a report published by Forbes  magazine .

On March 13, the value of Bitcoin crossed the $ 60,000 threshold for the first time, and experts say it was prompted by the US economic stimulus plan.

Bitcoin continues to achieve record increases, and its value has tripled in recent months, as its price was only $ 20,000 in mid-December. AL Hurra