Bitcoin banks on Banksy ----------------------------------- Bitcoin hit a record high in April, driven by investors seeking high-yielding assets amid low-interest rates. Sotheby’s is now accepting cryptocurrency for the first time as payment for a piece of fine art ----------------------------------- Bitcoin price Feb 21: $58,332 $34,715 Mar 13: $61,556 Apr 15: $64,802 Mar 23: $55,858 May 3: $57,925 May 12: $56,956 2021 February March April May 1 2 3 4 5 6 7 8 Love is in the Air (Flower Thrower) by Banksy ----------------------------------- FEB 1 Feb 8: Tesla buys $1.5bn of bitcoin – crypto- currency surges 20% 2 Mastercard unveils plans to support cryptocurrency payments across its network MAR 3 Mar 17: U.S. bank Morgan Stanley offers access to bitcoin funds 4 Mar 23: Elon Musk says Tesla will sell its cars using bitcoin 5 Apr 14: U.S. crypto- currency exchange Coinbase is valued at $86bn on its debut on Nasdaq Stock Market APR 6 Apr 15: Swiss arm of AXA – one of Europe’s largest companies – accepts bitcoin for payments 7 May 3: S&P Dow Jones launches indices, tracking bitcoin and other tokens, boosting credibility of cryptocurrency market MAY 8 May 12: Sotheby’s says bidders can pay with bitcoin and ethereum when it auctions Banksy’s “Love is in the Air” for estimated $3m-$5m ----------------------------------- Sources: Coindesk, Reuters, Sotheby’s Pictures: Associated Press, Sotheby’s © GRAPHIC NEWS