Bitcoin’s credibility boost | Financial Times

Bitcoin came close to breaking the $50,000 barrier at the weekend and our Big Read on the cryptocurrency looks at its 350 per cent gain in the past 12 months.

Driving the price in the past week has been the Tesla revelation that it had spent $1.5bn on bitcoin. Then BNY Mellon — America’s oldest bank — on Thursday said it would start holding and transferring cryptocurrencies for asset management clients, while Mastercard announced it would soon support “select…


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