Bitcoin Price to Hit $50,000 This Week? The Chances are Huge

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Bitcoin prices hit one record high after another in a week that saw global corporate giants doing everything from buying the cryptocurrency to announcing new projects that feature it. Tesla revealed in its securities filing on Monday that it had purchased $1.5 billion worth of Bitcoin in January and that it intends to offer its clients the option to purchase their cars using the cryptocurrency as a mode of payment. On Tuesday, RBC Capital Markets analyst Mitch Steves speculated that Apple might want to copycat Tesla’s crypto investment. On Wednesday, credit card giant Mastercard announced bringing Bitcoin and other cryptocurrencies onto its payment network. Later, on Thursday, the US’s oldest bank BNY Mellon revealed that it would offer crypto custody services on the same platform that its clients use for cash, treasuries, and other traditional assets. The same day, PayPal announced that it would expand its cryptocurrency services to the…

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