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Bitcoin has passed another all-time high milestone, surpassing $47,550 for the first time.

The price of bitcoin has passed another all-time high milestone, surpassing $47,550 for the first time.

The cryptocurrency is currently trading hands at roughly $

47,550

— an increase of more than +21.63% percent in the past 24-hours, per data from the exchange.

Tesla Inc (NASDAQ: TSLA) investor Ron Baron says the company’s decision to invest $1.5 billion in Bitcoin (BTC) and accept the digital currency as a payment option is “not surprising.”

Musk Likes Bitcoin: Tesla CEO Elon Musk has been “commenting favorably” on bitcoin for a while, Baron said in the statement to CNBC. It’s likely Tesla is not “speculating on the price of bitcoin,” rather using it as a payment system.

Other heavyweight investors such as Stanley Druckenmiller and Paul Tudor Jones, CIO of Tudor Investment Corp., are equally bullish on bitcoin, while companies like Paypal Holdings Inc (NASDAQ: PYPL) are building out its digital currency offerings.

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a student of sciences; Cosmology, Artificial Intelligence, Political, Shawn Kober has worked as a story teller in a number of positions over a ranging number of companies creating live and taped television shows as well as a multitude of stage productions. as a Media Specialist he has created networks that transpose quantified data with 3D/4D imagery. Known for many things he is as much a chameleon as a standout.