Is it too late to invest in Bitcoin? Here's some advice from Arabile Gumede

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Preneil Pillay

124 days ago
Is it too late to invest in Bitcoin? Here's some advice from Arabile Gumede Is it too late to invest in Bitcoin? Here's some advice from Arabile Gumede

André François McKenzie on Unsplash

Is it too late to buy bitcoin?

Bitcoin hits another record, passes $60 000 for the first time

Bitcoin briefly rose above $60 000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run.

The cryptocurrency hit an all-time high of $60 012 at 11:49 GMT, according to the website CoinMarketCap.

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Bitcoin has been on a meteoric rise since March last year, when it stood at $5 000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.

Last month Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit, while Twitter chief Jack Dorsey and rap mogul Jay-Z said they are creating a fund aimed at making Bitcoin "the internet's currency".
Others jumping on the bandwagon include Wall Street player BNY Mellon, investment fund giant BlackRock and credit card titan Mastercard.

According to Reuters, it might not be too late. There are still records that could be broken. It is unregulated, so anything could happen.

Arabile Gumede

One Bitcoin will cost you USD 55,000. Bitcoin recently hit USD 61,780 for one coin.

Arabile Gumede

More companies want to get involved but Cryptocurrency is the only currency that is not regulated.

Arabile Gumede

Listen to the full segment below and download the podcast...

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