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The worth of a single Bitcoin reached $50,000 for the primary time in mid-February 2021. MasterCard has introduced it is bringing cryptocurrency onto its network. Tesla bought $1.5 billion of bitcoin earlier this yr and is already seeing a return, in line with some analysts. In the meantime, on-line traders have been pushing a foreign money known as Dogecoin in a push to lift its worth quick.
Conventional monetary gatekeepers at the moment are fascinated with the way forward for cryptocurrency, although it was lengthy seen as a haven for digital evangelists and web discussion board dwellers.
Does bitcoin’s rise mirror a decline of the U.S. greenback’s world affect? Does bringing cryptocurrency to the mainstream battle with its founding philosophy?
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