Bitcoin rose 4.3% to $62.531, beating the previous record in March. This cryptocurrency is gaining ground as the list of companies that “embrace” it grows. Coinbase will be listed on the Nasdaq tomorrow, April 14th, with a valuation of $100 billion.
“It’s the evolution of an industry that used to be on the side-lines“, said Nick Jones, CEO and co-founder of Zumo Digital Wallet. “It really blurs the landscape between digital and traditional financial institutions.”
Goldman Sachs Group Inc. and Morgan Stanley have announced plans to offer their clients access to digital currency investments. Tesla Inc. earlier this year revealed a $1.5 billion investment in Bitcoin and more recently began accepting it as payment for its electric cars. Regulators around the world are stepping up surveillance and questioning their usefulness as a currency.
Coinbase’s debut this week boosts other digital currencies such as Binance Coin, which ranks third among digital currencies after Bitcoin and Ether.