Tesla ventures into the crypto world.
Elon Musk, the richest businessman in the world, continues to lead the movements of the financial markets. And this Monday he did so through an announcement made before the opening of the New York stock exchanges: Tesla, its flagship company, acquired $ 1.5 billion in Bitcoin, as reported to the US SEC (US Securities and Exchange Commission), the regulatory body.
Immediately after the announcement was made, the price of Bitcoin soared 15% in electronic business, to a new all-time high at $ 43,998. The virtual currency accumulates a profit of 50% so far in 2021.
The electric car maker also plans start accepting payments with this currency.
In the last twelve months, the value of a single unit of Bitcoin increased from less than $ 10,000 to more than $ 40,000. In addition to the interest of Tesla, companies like Square e IBM They are using blockchain, the technology behind cryptocurrency, to design and improve digital payment methods, making the most important “crypto” increasingly widespread.
The price of the digital asset soared above $ 43,000 after Tesla’s bet was known
The founder and largest shareholder of Tesla, the South African businessman Elon Musk, is a firm defender of the use of this type of assets, which aims to replace the conventional money printed by central banks.
“I know I am a bit late for this movement, but I strongly believe in Bitcoin“Elon Musk himself explained last week in an interview.
10 days ago, Musk already gave clues about this movement to change the description of your status on the social network Twitter, to include only the Bitcoin logo.
In addition, Musk also contributed last week to the valuation of another virtual currency soaring, Dogecoin, after starting to joke on Twitter about it.
Tweets from the Tesla boss about certain companies and cryptocurrencies pushed their prices up in recent weeks. The actions of GameStop, Etsy and CD Project jumped after comments on their Twitter account about them.
In the world of cryptocurrencies, he put the tag “#bitcoin” in your bio on Twitter and sent the most popular cryptocurrency skyrocketing on Friday. Then he removed the tag.
Automaker Tesla also plans to start accepting payments with the cryptocurrency
Meanwhile, rival cryptocurrency Ethereum is also advancing at a record pace, as investors are buying it ahead of the launch of Ethereum futures on the Chicago Mercantile Exchange (CME). Ethereum surged 6%, above $ 1,700, a record high.
Cryptocurrencies are gaining traction among traditional investors. The euphoria boosted the total market value of all cryptocurrencies over 1 trillion dollars for the first time in early January.
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