At the time))) Bitcoin is the best asset of this year.

After falling in early September due to concerns about SEC regulation and again at the end of the month due toheadlines about the ban in China, Bitcoin soared from below $ 40,000 at 9/22 to $ 50,000 this morning.

This is the first time the flagship pricecryptocurrencies have surpassed $ 50,000 since September 7, 2021, when El Salvador became the first country in history to accept cryptocurrency as legal tender.

The most recent surge occurred afterBofA has published a research report offering a bullish outlook on the cryptocurrency's long-term prospects. The report claims that the cryptocurrency sector's $2.15 trillion market capitalization is too big to ignore.

“For us, digital assets are not payments likethose. We are talking about a new computing paradigm - a programmable computer that is accessible to everyone and owned by millions of people around the world. ”
The report also highlights recent growthrate of adoption of cryptocurrencies, an estimated 221 million users worldwide traded cryptocurrencies or used a blockchain application as of June 2021, up from 66 million in May 2020.

Fed Chairman Powell also said the US will not be in the same cryptographic position as China, which has banned both cryptocurrency trading and mining.