Is it too late to buy bitcoin? 

Bitcoin hits another record, passes $60 000 for the first time 

Bitcoin briefly rose above $60 000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run. 

The cryptocurrency hit an all-time high of $60 012 at 11:49 GMT, according to the website CoinMarketCap. 

Bitcoin has been on a meteoric rise since March last year, when it stood at $5 000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency. 

Last month Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit, while Twitter chief Jack Dorsey and rap mogul Jay-Z said they are creating a fund aimed at making Bitcoin "the internet's currency". 

Others jumping on the bandwagon include Wall Street player BNY Mellon, investment fund giant BlackRock and credit card titan Mastercard.

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