Link copied Bitcoin in a ‘curious place' after significant rise claim experts Sign up to receive our rundown of the day's top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Bitcoin hit record highs earlier this month after Elon Musk's car company Tesla said it had bought about $1.5billion (£1.1bn) of the cryptocurrency. Bitcoin rose above $48,000 (£34,820) before falling back slightly. Some investors took Tesla's move as a signal that Bitcoin would become a mainstream financial asset.