price hit $50,000, reaching its highest level in over two years. Meanwhile, U.S. tech company MicroStrategy surged nearly 11% on the 12th of February mirroring the king coin’s hike. The company is known for its support for Bitcoin and holds about 190,000 BTC worth around $8 billion
“It’s novel, it’s digital, it’s global, it’s unique, and it’s uncorrelated to traditional risk assets because it doesn’t come with exposure to any given country, current company, quarterly result, product cycle, competitor not to weather not to war not to an employee base or supply chain.”This anticipation has now been met, allowing mainstream investors access to Bitcoin.
Source: Digital Coin News (digitalcoinnews.net)
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