Bitcoin Exceeds 51 Thousand Dollars

Bitcoin exceeds 51 thousand dollars. Bitcoin (BTC), the leading cryptocurrency, has set records today.

Bitcoin (BTC), the leading unit of the cryptocurrency market, gained 5 percent on Tuesday, exceeding the $ 50,000 mark and continued to rise today and set a record of $ 51,000. The price of Bitcoin, which increased approximately 5 times in the last 1 year, increased by 67 percent in 2021. The leading cryptocurrency, which was around 20 thousand dollars in December, broke a record by reaching the level of 40 thousand dollars in the second week of 2021 with the sharp increases following this level; then it returned to the level of 30 thousand dollars. The Bitcoin posts made by Elon Musk, founder of the electric vehicle manufacturer Tesla, undoubtedly played a big role in these increases. In addition to tweeting with "Bitcoin" themes, as Musk announced that Tesla had bought $ 1.5 billion to the American capital regulator, prices jumped. Following this development, in the USA, Miami Mayor Francis Suarez presented a proposal to pay the salaries and taxes of employees in the municipality in Bitcoin. The Commission approved the decision with 4 to 1 votes and accepted to examine the applicability of the work to be done on the subject. According to a report in Bloomberg HT, there are three main stages in the institutionalization of cryptocurrencies and Bitcoin: the entry of investment funds, the presence of Bitcoin in the companies' balance sheet and the purchase of Bitcoin by central banks. While the first two stages have been taking place so far, it is stated that public institutions such as the municipality can start to buy and use Bitcoin, and it can take on a mid-term task in the transition to the third stage.