Bitcoin climbs to $ 50,000 as USD turns to dust

The bitcoin exchange rate was briefly above $ 49,600 on Sunday. The appreciation may be due to Counterpoint Global’s interest (an investment branch of Morgan Stanley Investment Management) in the virtual currency, Bloomberg News Agency reported on Saturday night.

Counterpoint Global would consider adding bitcoin to his list of options for investors, so to speak initiates against Bloomberg. This still requires the consent of Supervisors and the parent company.

According to analysts, the interest points to a growing acceptance of crypto currencies on the part of the establishment; Morgan Stanley has been around for 90 years this year. The value of such currencies, including bitcoin, fluctuates strongly. This does not convince everyone of the value of investment in cryptocurrencies.
Bitcoin and Altcoin price prediction
On Friday, Twitter’s top man Jack Dorsey announced that he would set up a fund with rapper and entrepreneur JAY-Z to make bitcoin the common currency for the internet.

The value of the bitcoin reached a provisional peak on the same day: $ 48,930. This happened after Mastercard and the US bank BNY Mellon had taken steps to make the use of bitcoin easier.

Last week, the bitcoin exchange rate got the wind in its back when Tesla announced that it had invested 1.5 billion dollars in the crypt currency. The manufacturer of electric cars wants to accept bitcoin as a means of payment.

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