Bitcoin Price Sets New Record At $50,000: Can It Ever Replace The US Dollar?
Bitcoin has set a new all-time high at $50,000. While many have been championing it as a store of value similar to gold, others are skeptical whether it will ever replace the U.S. dollar. Bitcoin closed at $49,158 Tuesday but went on to break past $50,000 the next day. It is now up 1,215% since dropping to $3,800 in March 2020. The dominant cryptocurrency is also up 76% since the…
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