Cryptocurrency approaches record high set last month

AuthorDan Verbin
Published date11 March 2021
Date11 March 2021
Publication titleIsrael National News (Israel)
With the recent purchase of $1.5 billion USD of Bitcoin by Tesla's Elon Musk, the cryptocurrency is being eyed not only by individual investors but also by large scale institutional investors eager to capitalize on the growing digital currency market.

Investment firms such as JPMorgan Chase, the largest American bank, are getting into the action, with JPMorgan announcing it will issue a debt instrument linked to corporations focused on cryptocurrencies.

The new American coronavirus stimulus package, with its...

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