By Elliot Gulliver-Needham Bitcoin prices hit their highest ever level on Thursday, surpassing £50,000 for the first time. After peaking in 2021 at the $60,000 mark, it then eventually crashed to around $17,000 last year, but has now recovered. Jason Hollands, managing director at Evelyn Partners, said that the recent rally had “almost certainly been powered by its adoption into mainstream investment products in the US”. In January, the US Securities and Exchange Commission approved applications for 11 spot bitcoin exchange traded funds (ETFs) for the first time ever. Head of research at CoinS…