Bitcoin Surges Past $50K for the First Time Since 2021 🚀

Bitcoin reached the $50,000 mark for the first time since the bullish days of 2021. Its surge comes from a five-day period where it gained 13% and represents a strong recovery from a large sell-off in mid-January when long-awaited spot bitcoin exchange-traded funds (ETF) began to trade.<br /><br />During the January drop, bitcoin fell to $38,500, as it succumbed to a familiar pattern of ‘buying the rumor and selling the news’ that plagued previously anticipated events in crypto such as the April 2021 direct listing by Coinbase and the launch of cash-settled bitcoin futures ETFs in October 2021.<br /><br />Steven Ehrlich, the director of Forbes Digital Assets, joins “Forbes Talks” to discuss Bitcoin reaching $50,000 for the first time since 2021.<br /><br />0:00 Introduction<br />0:20 Bitcoin reaching $50,000 Value Today<br />2:35 How Does This Translate To Real Money And The Stock Market?<br />3:57 What Was The Highest Bitcoin Before Today?<br />7:43 How Bitcoin Users Can Capitalize<br />10:01 What Are Current Bitcoin Miners Doing Now/Next<br /><br />Read the full story on Forbes: https://www.forbes.com/sites/digital-assets/2024/02/12/bitcoin-passes-50000-amid-growing-etf-momentum/?sh=3d7682ac2a29<br /><br />Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br /><br />Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br /><br />https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br /><br />Stay Connected<br />Forbes newsletters: https://newsletters.editorial.forbes.com<br />Forbes on Facebook: http://fb.com/forbes<br />Forbes Video on Twitter: http://www.twitter.com/forbes<br />Forbes Video on Instagram: http://instagram.com/forbes<br />More From Forbes: http://forbes.com<br /><br />Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.