The seemingly unstoppable rise of bitcoin has continued, with the cost of a single unit of the digital currency rising above US$50,000 (NZ$69,000) for the first time early Wednesday (NZT). Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. 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: Stuff February 16, 2021 20:58 UTC