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Since Satoshi Nakamoto mined the first Bitcon block on January 3, 2009, the crypto asset has led to substantial gains for investors considering its meteoric rise in the past week alone.
The price of Bitcoin (BTC) reached parity with the US dollar almost ten years ago today, a milestone hailed by many as another step towards adoption. With Bitcoin currently fluctuating between $ 32,000 and $ 34,000, however, the price of the cryptocurrency is now the same as that of a Tesla Model 3, which costs over $ 30,000.
A #bitcoin now buys you a Tesla. So when will you accept it @Elon Musk? pic.twitter.com/RONfVvH9i1
– Document Bitcoin (@DocumentBitcoin) January 3, 2021
Institutional players with millions to buy Bitcoin also achieve billionaire status just days in 2021. Business intelligence firm MicroStrategy’s Bitcoin bet from August and September pays off, initial investment of $ 425 million now worth more than 1.2 billion publication.
Assuming Tesla CEO Elon Musk is still HODLing its 0.25 BTC, the billionaire’s crypto wallet is now worth around $ 8,100, with Bitcoin’s market cap approaching that of the automaker. According to data from AssetDash, Bitcoin is now the ninth largest asset in terms of market capitalization with $ 611 billion behind e-commerce giant Alibaba and Tesla.
The 1,125,150 BTC connected to Satoshi Nakamoto, meanwhile, has been valued at well over $ 1 billion for some time. However, the current bull race now places the creator of Bitcoin among the world’s 40 richest people, with his holdings worth around $ 37 billion – just behind British businessman Len Blavatnik according to the billionaire Bloomberg Index.
As the price of Bitcoin innovates every day, social media interest has also set new records. According to Josh Frank of The TIE, the total volume of tweets on Bitcoin exceeded that of the 2017 bull run to reach 140,000, with more than 70,000 unique Twitter handles posting on the crypto asset.
At the time of publication, the price of Bitcoin is $ 32,780, having increased 21% in the past 7 days. The cryptocurrency surpassed $ 34,700 to hit a new all-time high earlier today.
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