Bitcoin has been supported in recent months by supporters of Paul Tudor Jones and Stan Druckenmiller.
Bitcoin hit a new record on Sunday, rising to more than $ 49,000 for the first time.
The largest cryptocurrency in the world reached about $ 49,344 earlier in the day and was around $ 49,202 as of 10:20 a.m. in London.
It has now grown by about 70% so far this year. Rival cryptocurrency Ether hit a record on Saturday and has risen about 150 percent so far.
Bitcoin has been supported in recent months by supporters of Paul Tudor Jones and Stan Druckenmiller.
Bloomberg reported earlier that Morgan Stanley could bet on Bitcoin in its $ 150 billion investment arm, following news last weekend that BNY Mellon plans to serve cryptocurrencies to its clients. And that’s after Tesla Inc. put about $ 1.5 billion in Bitcoin. Skeptics warn, however, that the asset class could be in a bubble.
“With every major announcement, such as the one made by BNY Mellon, other institutions are encouraged to adopt and implement digital assets faster,” said Patrick Campos, strategy director at Securrency, a developer of financial and regulatory-based technology. on the blockchain. .
“Tesla’s recent announcement will encourage other large corporations and institutions to accept crypto not only as a worthy asset class, but perhaps even an essential one. More important is the proper construction of institutional services to support these developments, will trigger other developments related to digital assets within these institutions and in the larger ecosystem. ”