San Francisco, Feb 16 (Ians) With a sign of acceptance among the mainstream investors, world’s largest cryptocurrency Bitcoin surpassed a record high of $50,000 on Tuesday. Bitcoin saw a new high of $50,602 and was hovering at $50,300.

This year, Bitcoin rose around 72 per cent after tech billionaire Elon Musk‘s electric vehicle company Tesla invested $1.5 billion in it.

“Sustained interest from institutions has had a positive impact on Bitcoin’s price, pushing it on an upward curve. In December 2020, it touched an all-time high crossing $24,000 in valuation, marking a 224 per cent increase from where it started its journey at the beginning of the year,” Sumit Gupta, CEO and Co-founder, CoinDCX, said in a statement.

“By the beginning of 2021, Btc had jumped to a valuation of $40,000. With each passing day, we are seeing it breaking every resistance. In the second week of May 2020, bitcoin witnessed its third halving since its inception, thus bringing a further

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