Bitcoin exceeds $ 47,000 and sets a new record

This level achieved that the digital asset will exceed its record set on Monday, February 8, after Tesla announced the investment of 1.5 billion dollars in the cryptocurrency.
Bitcoin exceeds $ 47,000 and sets a new record
Image credit: Depositphotos.com

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur Staff
1 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Bitcoin surpassed $ 47,000 on Thursday, February 11, and set a new record. The cryptocurrency rose 7.9 percent and reached a price of $ 47,837.74.

This level achieved that the digital asset will exceed its record imposed on Monday, February 8, after Tesla announced the investment of 1.5 billion dollars in the cryptocurrency.

According to El Financiero , eToro analyst Simon Peters commented that these types of assets were entering the realms of traditional finance at an astonishing rate.

Image: Depositphotos.com

On the other hand, Mastercard, described them as "stable coins" that constantly combine their value with other assets such as the US dollar.

Mastercard has given cryptocurrencies new credibility this week by announcing that it intends to start supporting payments using them on its network this year.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • A 1-year Entrepreneur magazine subscription delivered directly to you
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur