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Bitcoin Exceeds $50,000 For First Time

Mainstream interest in the cryptocurrency has increased as more companies believe it could gain widespread acceptance as a means of payment.
Posted at 5:09 PM, Feb 16, 2021
and last updated 2021-02-16 17:09:12-05

Bitcoin continues to soar as the cost of a single unit of the digital currency surpassed $50,000 for the first time. 

To put it in perspective, that unit would've cost just $10,000 one year ago. 

Its rally continues as more companies believe Bitcoin could gain widespread acceptance as a means of payment. 

For now, most owners are treating it as a commodity like gold.