LONDON: Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world’s most popular virtual currency, but bubble fears persist.
Investors and mega-corporations alike have been wooed by dizzying growth and the opportunity for profit and asset diversification.
The unit blasted past $50,000 on Tuesday following a week in which Tesla invested $1.5 billion in bitcoin and vowed customers could use it to buy vehicles and both New York bank BNY Mellon and credit card titan MasterCard announced plans to support bitcoin.
The cryptocurrency then vaulted higher, topping $52,000 on Wednesday after investment fund giant BlackRock also confirmed a push into the…
