Bitcoin once again reached the key resistance level of $40,000 today. This was reported on the 14th (local time) by YouTube.
On May 26th, Bitcoin soared to its all-day high of $40,500.
The latest good news comes after hedge fund legend Paul Tudor-Jones told CNBC’s Andrew Ross Sorkin that he was considering allocating 5% of his portfolio to Bitcoin.
“Listen, I like Bitcoin. Bitcoin is math. .. I like the idea of investing in things that are reliable, consistent, honest and 100% sure. So Bitcoin is a surefire way for me to invest.”
Bitcoin also rebounded after Tesla CEO Elon Musk tweeted, “When Bitcoin becomes green, Tesla will resume payment in Bitcoin.”
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.