Bitcoin soars all-time high after Tesla’s $1.5 billion investment

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After being shunned by traditional financial firms,  bitcoin has finally entered the mainstream. Bitcoin’s surge past a record high of $48,000 earlier on Thursday after Tesla’s investment.

The biggest virtual currency in terms of market capitalisation has gained about 66% this year and has soared at 1,200% since March 2020. However, some market participants continuously advise caution.

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