Afghan soldiers flee attack,...

Army statement says 46 members of Afghan forces, including five officers, cross border near Pakistani town of Chitral.

27 Jul, 2021
COVID leaves Indians with...

Most Indians do not have health insurance and costs for COVID-19 treatment have them drowning in debt.

27 Jul, 2021
Amazon’s denies accepting Bitcoin,...

A job posting for a digital currency lead briefly pushed Bitcoin past $40,000 on Monday, its highest since...

27 Jul, 2021
Taliban claims to favour...

The armed group says it wants ‘political settlement’, but its fighters continue to press ahead with military campaigns.

27 Jul, 2021
Biden, Kadhimi seal agreement...

After more than 18 years, the role of US forces will shift to training and advising the Iraqi...

26 Jul, 2021
An economic recipe for...

Blistering youth unemployment, mounting government debt, corruption and COVID are spurring unrest in Tunisia.

26 Jul, 2021
Powered by'> Post - Global Updates Blog

Bitcoin surpasses $50,000 as more companies invest into cryptocurrency.

Published by admin on

0 0
Read Time:44 Second
Bitcoin logo|

Few days after the Federal Government of Nigeria’s Apex bank the Central Bank Of Nigeria banned the use of cryptocurrency in Nigerian banking institutions it hit $50,00 as more companied jumped into it and the stock rose as high as 99.99% and those who had bitcoin shares already are counting and swimming in millions.

A friend of mine actually bought a Merecedes Benz early this month  using the retrns and profit he made from just investing 30,000 NGN into cryptocurrency.

These developments have led many crypto investors to believe the latest bull run is different than past rallies. Bitcoin skyrocketed to nearly $20,000 in late 2017 before losing more than 80% of its value the following year. Bitcoin believers say that, whereas the 2017 bubble was driven by retail speculation, the current cycle is being fueled by demand from institutional investors.