be_ixf;ym_202105 d_15; ct_50

Select Page

Bitcoin Hits $50,000 — and the Rally Just Started

Bitcoin Hits $50,000 — and the Rally Just Started

Bitcoin has had an incredible run since it first started trading in 2010.

The cryptocurrency initially cost less than a penny. But earlier this week, it passed the $50,000 mark for the first time.

There are three big pieces of news behind its latest uptrend:

  • Tesla added $1.5 billion in bitcoin to its cash holdings.
  • Mastercard will allow some of its merchants to accept cryptocurrencies as payment.
  • A major New York bank announced it will begin holding cryptos for its clients.

In today’s Market Insights video, I explain what these developments mean for bitcoin, and where the crypto’s price could be headed next.

(If you’d prefer to read a transcript, click here.)


Ian King

Ian King

Editor, Automatic Fortunes

Newsletter Sign Up




“I started with $215,000 in Nov. 2018, It is now over 800,000. So very happy with Banyan Hill Publishing.”

- Larry K.

“Loving this. Should have started a long time ago.”

- Jay

“Thirteen of my positions are up well over 50% in less than a year since joining your service. Two are in the triple digits with several close behind. My personal money manager, who works for one of the largest banks in the country, is envious of my gains. I never dreamed this was possible. My trips to China to teach English to young Chinese students is now much more affordable. Thank you for your dedication and help.”

- Chris K.

Share This