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Bitcoin: cryptocurrency with price rally towards record high

2021-04-03T09:58:28.052Z


The cryptocurrency Bitcoin is expanding its profits and scratching the $ 60,000 mark over Easter. It is not far to the record high.


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Bitcoin cryptocurrency: record high in sight

Photo: Jens Kalaene / dpa

The crypto currency Bitcoin is again heading for its record high over the Easter days.

The most important cyber currency in the world climbed to 59,300 US dollars on Holy Saturday, which is within striking distance of its all-time high.

Bitcoin stock marketers said it was boosted by the fact that it is accepted as a means of payment by PayPal and Visa.

Numerous Bitcoin investors have already bet on this trend.

The payment service provider PayPal enabled US customers to use cryptocurrencies on Tuesday.

The US company is increasing its focus on the general acceptance of cryptocurrencies, as "the use of digital payments and digital currencies is increasing," wrote PayPal boss Dan Schulman in a blog entry.

The possibility of "shopping with cryptocurrencies in stores all over the world" is the "next chapter".

According to the company, the dealers receive conventional money.

PayPal will take over the exchange of cryptocurrencies for US dollars.

Last week, the electric car manufacturer Tesla had already taken a similar step.

"You can now buy a Tesla with Bitcoin," wrote company boss Elon Musk on Twitter.

With numerous blog entries, Musk is also trying to push the Bitcoin currency further.

Tesla has so far invested around $ 1.5 billion in cash reserves in Bitcoin and is therefore directly interested in a further rise in the price of Bitcoin.

more on the subject

  • Cryptomillionaires: The investment strategies of the German Bitcoin eliteBy Mark Böschen

  • Taxes on Crypto Gains: How Bitcoin Investors Avoid Tax Traps An Interview by Lisa Oder

A message from the credit card company Visa was another driver behind the rise in the price of the cryptocurrency Ethereum.

Visa informed about a pilot project with the digital platform Crypto.com.

It is about the execution of certain Visa transactions with the help of a so-called stablecoin, a crypto currency covered by classic currencies.

In the case of Visa, this is the "USD Coin", which, according to the company, is backed by US dollars.

The payments are to be processed with the help of the Ethereum system.

Bitcoin has already benefited from increasing interest on the part of business and investors in the past few weeks and months.

Since March 2020, the bitcoin price has increased more than eightfold.

Bitcoin investors who want to take speculative profits now, however, should avoid tax traps.

Before a one-year holding period has expired, capital gains taxes are also due on Bitcoin.

Other cryptocurrencies such as Ethereum have also been chasing records for months.

with news agencies

Source: spiegel

All news articles on 2021-04-03

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