As soon as Alan Musk takes interest, the record in the price of Bitcoin, will Tesla's investment prove to be a game changer?
As soon as Alan Musk takes interest, the record in the price of Bitcoin, will Tesla's investment prove to be a game changer?
Alan Musk's world-famous car company Tesla has bought cryptocurrency Bitcoin and its share price has skyrocketed.
Tesla bought 1.5 billion worth of Bitcoin in January, saying it would be used as a future payment medium.
Alan Musk added the hashtag "Bitcoin" to his Twitter profile, raising its price. Bitcoin's share price rose 17 percent in the digital market after joining Tesla and Alan Musk. Even though Musk removed it from Twitter the next day, the prices of other cryptocurrencies, including Bitcoin, have continued to rise. Prices have risen 50 percent since the dogquin was made public.
The price of a bitcoin is 44 thousand 220 dollars and it has also set a high record.
Changing its investment policy, Tesla said in January it would target digital currencies, gold and gold trading. The company currently buys 1.5 billion in Bitcoin and says it can still buy and hold more digital assets in the future.
Musk tweeted a week ago that Bitcoin was on the verge of becoming universally accepted by investors. Some experts say Telsa's investment in Bitcoin will be a game changer for the future of cryptocurrency.
'Tesla has taken the first step towards Bitcoin. I think there are more companies to join, ”said Eric Turner, vice president of cryptocurrency research firm Misari. Tesla, one of the world's largest companies, has invested in Bitcoin. In the future, it is expected to expand to all investors who have bought a Tesla car, ”he said.
Neil Wilson, chief analyst at Markets.com, warns that Bitcoin is a highly volatile currency.
'Tesla has taken this step with great risk. It may not affect many investors but for some traditional investors it may be a cause for concern, 'he said.
Bitcoin, which has been holding a record high for a few months, seems to be getting good support from major financial institutions by 2021. Black Rock, the world's largest currency manager, recently opened the way to invest in Bitcoin.
But central banks in various countries have expressed concern about Bitcoin and questioned its business.
Alan Musk's world-famous car company Tesla has bought cryptocurrency Bitcoin and its share price has skyrocketed.
Tesla bought 1.5 billion worth of Bitcoin in January, saying it would be used as a future payment medium.
Alan Musk added the hashtag "Bitcoin" to his Twitter profile, raising its price. Bitcoin's share price rose 17 percent in the digital market after joining Tesla and Alan Musk. Even though Musk removed it from Twitter the next day, the prices of other cryptocurrencies, including Bitcoin, have continued to rise. Prices have risen 50 percent since the dogquin was made public.
The price of a bitcoin is 44 thousand 220 dollars and it has also set a high record.
Changing its investment policy, Tesla said in January it would target digital currencies, gold and gold trading. The company currently buys 1.5 billion in Bitcoin and says it can still buy and hold more digital assets in the future.
Musk tweeted a week ago that Bitcoin was on the verge of becoming universally accepted by investors. Some experts say Telsa's investment in Bitcoin will be a game changer for the future of cryptocurrency.
'Tesla has taken the first step towards Bitcoin. I think there are more companies to join, ”said Eric Turner, vice president of cryptocurrency research firm Misari. Tesla, one of the world's largest companies, has invested in Bitcoin. In the future, it is expected to expand to all investors who have bought a Tesla car, ”he said.
Neil Wilson, chief analyst at Markets.com, warns that Bitcoin is a highly volatile currency.
'Tesla has taken this step with great risk. It may not affect many investors but for some traditional investors it may be a cause for concern, 'he said.
Bitcoin, which has been holding a record high for a few months, seems to be getting good support from major financial institutions by 2021. Black Rock, the world's largest currency manager, recently opened the way to invest in Bitcoin.
But central banks in various countries have expressed concern about Bitcoin and questioned its business.
