Photo / APThe seemingly unstoppable rise of Bitcoin continued today with the cost of a single unit of the digital currency rising above US$50,000 ($69,388) for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Read more• Tesla sends bitcoin to record high with $2 billion investment• After its $1.5b Bitcoin buy, can Tesla still claim to be green? Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyone's guess," Reiners said.

Source: New Zealand Herald February 16, 2021 23:37 UTC