After a month of consolidation, Bitcoin reached a new all-time high of $63,861. Bitcoin's rising price and market capitalization have propelled it into the top ten list of the world's most valuable currencies, according to M1 Market Supply. Bitcoin is also being used as a Treasury Hedge by Fortune 500 firms including MicroStrategy and Tesla. Bitcoin's rapid growth and popularity has also caused regulators around the world to recognise Bitcoin's increasing presence as the future of finance. The first Bitcoin-based exchange-traded fund will enable investors to invest in funds that monitor the top cryptocurrency's price.