Bitcoin Bounces Back

Bitcoin Inflation

Inflationary pressures are pushing Bitcoin up.

As stated by Axios:

Bitcoin crept above $50,000 today for the first time since Sept. 7 — when El Salvador became the first country to use the cryptocurrency as legal money.

Driving the news: Bank of America initiated research coverage of cryptocurrency this week, saying the category is “too large to ignore.” 

What to watch: The most popular cryptocurrency on Revolut is Ethereum, Revolut CEO Nikolay Storonsky told Axios’ Felix Salmon during a fintech conference earlier in the day.

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