Bitcoin has made new record highs today continuing it's strong upward momentum in particular since Tesla announced last week it invested $1.5 billion in Bitcoin and plans to accept cryptocurrency as payment. Now that the cryptocurrency has broken through the $50,000 psychological level we believe prices could challenge $100,000 at some stage this year whilst above support at around $40,000. Additionally, as central banks continue their massive inflationary monetary policies investors including institutions are increasingly seeing bitcoin as a hedge against inflation because of it's limited supply.