Major companies are jumping into crypto head first!

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Tesla’s recent $1.5 billion purchase of bitcoin sparked speculation over whether other major companies would follow suit.

Bitcoin hit a record high of more than $50,000 on Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies.

The world’s largest digital currency by market valuable rose more than 3 percent to an all-time high of $50,389 just after 7:30 a.m. ET, according to data from Coin Metrics.

Read more here: https://www.nbcnews.com/business/business-news/bitcoin-surpasses-50-000-first-time-ever-major-companies-jump-n1257974