The price of Bitcoin soared for the second time in this week exceed $48K USD for one Bitcoin, this price is the highest in history for Bitcoin and breaks another new record in All Time High. The surge price of bitcoin is due whale companies that adopt this most valuable cryptocurrency as a payment. Most recently, Bank of New York Mellon and Mastercard announced their business growth well after adopt Bitcoin as payment.
Bitcoin reached $48,925.53 US for one Bitcoin based on CoinDesk website data. Previously, the cryptocurrency rose about 7 percent to 47,913 U.S. dollars for one Bitcoin. Reportedly, the oldest US bank BNY Mellon is the main provider of custody and said will be start funding Bitcoin and other cryptocurrencies.
CEO asset services and Chief of digital BNY Mellon said proud to be the first global bank to announce plans provide integrated services for digital assets, while Mastercard says will support cryptocurrencies as payment at some point of its network in this year.
Mastercard Executive Vice President explain mechanism of payment using Bitcoin, when customers want to buy something with cryptocurrencies, Mastercard's crypto partners will convert cryptocurrency into traditional currency then, the money will then be sent to the Mastercard network.
Many Whale's Companies Already Adopting Bitcoin
There are many Whale's Companies that have started adopting Bitcoin as digital asset and planning receiving payments using Bitcoin such as Microstrategy, J.P Morgan, Square, PayPal, Tesla, Citibank, BNY Mellon, Mastercard and others, even rumors that Apple will adopt Bitcoin as payment in their products.
If massive purchases or market demand continue to occur, then most likely the price of Bitcoin wil increase continuosly as JP Morgan previously predicted the price of Bitcoin could reach $146K USD in this year or next year. This is very possible to happens because people already understand about the fundamentals of Bitcoin.
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