Monday, October 25

Will Bitcoin reach the value of 60 thousand dollars?

The question of whether Bitcoin will reach the value of 60 thousand dollars began to be asked. Bitcoin managed to see the level of 55 thousand dollars after the first 50 thousand dollars with its rise.

The activity in the cryptocurrency market continues. While Bitcoin has erased the loss it has experienced since May with the rally it has caught in the last week, the news that a company of the famous speculator George Soros has Bitcoin was effective in the recent rise.

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The price of Bitcoin, the most valuable cryptocurrency in the world, rose by about 10 percent to around $ 55,500 yesterday evening, after the news that the investment firm founded by billionaire George Soros owns Bitcoin.

Besides Bitcoin, the wait in the general crypto market continues. Parallel to Bitcoin, Ethereum has also gained 1.5 percent in the last 24 hours. Ether is currently hovering above the 3,500 level.

Bitcoin had seen over $50,000 for the first time in a month the previous day. The current level has been reached for the first time since May. Whether Bitcoin can reach the historical record level of 58 thousand is being watched closely.

Soros Fund Management CEO and chief investment officer Dawn Fitzpatrick said in an interview with Bloomberg that Soros Fund Management owns some, if not a lot, coins.

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At this price, Bitcoin completely erased the loss of the last month. Last month, with the effect of El Salvador’s acceptance of cryptocurrencies as a legal payment instrument, it first increased a little and then decreased to 40 thousand levels due to both some technical problems in the country and China’s harsh measures against the crypto market.

With this value, the market value of Bitcoin has again exceeded $ 1 trillion, and the value of all crypto assets has exceeded $ 2.3 trillion.

Currently, the total value of Bitcoin assets in the market is equal to Facebook, and the total value of crypto assets is equal to Apple.

Comprehensive crypto report from giant bank: Too big to ignore

Bank of America, the second largest bank in the USA, has prepared a comprehensive report on cryptocurrencies. It has been known that the bank has been closely interested in the crypto money world for a while.

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Bank of America (BofA), the second largest bank in the USA, announced that it has started digital asset research. In addition, a comprehensive report on the subject was published by BofA. The bank announced in July that it had started research into crypto assets.

The report stated that digital assets are a $2 trillion market with 200 million users. For the crypto market, “too big to ignore” expressions were used.

The report also stated that digital assets have the potential to transform every industry by increasing efficiency. It was also stated that hundreds of companies were formed in this new ecosystem and a new asset class was created.

In the news in July, it was reported that BofA allowed the use of Bitcoin in some transactions.

In March, leading US banks Morgan Stanley and Goldman Sachs also started offering Bitcoin funds to their customers.

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