A version of this story first appeared in CNN Business' Before the Bell newsletter. London (CNN Business) With the value of bitcoin in the market topping $1 trillion, longtime backers may be wiping tears from their eyes. The price of one bitcoin passed $20,000 for the first time in December. Last week, his firm launched the Osprey Bitcoin Trust, which is aimed at increasing exposure for everyday investors. It sent an important signal when Tesla (TSLA), a S&P 500 company, said it had added $1.5 billion in bitcoin to its balance sheet earlier this month, King said.

Source: The Nation February 21, 2021 13:52 UTC