deVere Investor Insight - Q1 2021

26 Investor Insight // Q1 - 2021 The adoption of Bitcoin is accelerating at an extraordinary rate, placing the world’s largest cryptocurrency on the cusp of mainstream adoption. Bitcoin hit an all-time high in February, surpassing the $58,000mark amid mounting confidence it will soon become an established investment and payments vehicle. As the leading cryptocurrencymoves ever closer to $1 trillionmarket capitalisation, interest in Bitcoin is soaring. Indeed, ElonMusk-owned Tesla announced it had purchased $1.5 billion worth of Bitcoin in January, leading the digital currency to surge 17 per cent in value. Crypto and beyond: