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Bitcoin hit new highs, bringing its market value to over $ 1 trillion, prompting Elon Musk to tweet through his Twitter account, claiming he saw Bitcoin and Ethereum prices high.
This came in response to Peter Schiff, a cryptocurrency skeptic and a fan of gold.
There is a conflict between believers in the importance of cryptocurrencies capable of playing a hedging role against risks like inflation on the one hand and skeptics on the other hand, and those who see it as a period madness triggered by monetary and financial stimulus policies.
And the currency “Bitcoin” managed to break new records, surging 5.5% in the last few hours, topping the $ 54.8 thousand level for the first time.
According to “coinmarketcap”, digital currencies saw combined gains of 90%, earning more than $ 783 billion, after its total market value rose from $ 879.3 billion at the end of transactions last year at about $ 1,011.8 billion at the present time.
Since the start of this year, the ‘Bitcoin’ currency has jumped 108.2%, gaining about $ 28,418, after rising from the level of $ 26,272 in closing transactions last year to the level of $ 54,690 in end of session last Friday.
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