On Tuesday, bitcoin soared to a new record-high$ 63,200 valuation as the cryptocurrency exchange Coinbase prepares to launch an initial public offering Wednesday.
Coinbase, which could have a valuation of more than$ 100 billion, will be the first company to launch an IPO in digital currencies.
BITCOIN ABOVE$ 60,000 AGAIN FOR REDUCED SUPPLY TEAM: The simple truth that bitcoin is a countermeasure to inflation has now permeated significant parts of both retail and institutional investors, told FOX Business in a statement.
He continued with no signal in sight that central banks have any plans to curb fiat money printing, combined with a new government expenditure also on the horizon, there's every reason to believe that Bitcoin could continue to break new milestones.
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Coinbase allows users to trade more than 50 different currencies, including Bitcoin.
Bitcoin's steady surge comes as Tesla, square, Mastercard, BNY Mellon and Twitter have expressed increasing interest in digital currencies.
A number of celebrities including Tesla Elon Musk, Maisie Williams, rockstar Gene Simmons, rapper Logic and actress Lindsey Lohan also expressed interest in bitcoin.