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Investing.com – Happy two to all cryptocurrency traders, all currencies are climbing to record highs, with a burst close to $ 44,000 each. The general gains in the emerging market came after Tesla Corporation (NASDAQ 🙂 – the industry leader in the electric car – announced that it had bought $ 1.5 billion in digital currencies and accepted bitcoin for pay for its products.
Read the statement:
But on the margin, it went from 1,804 and less to $ 1,830 and more; What is the reason?
Tesla said in an updated statement that it will not only invest in digital assets, but in gold ETFs and gold bullion.
The statement revealed the following: “The new policy includes investing in alternative assets, including digital currencies, gold bullion and gold-backed ETFs.”
Bitcoin and gold rose sharply on Monday morning.
And the record formation registered $ 44,700 per currency, while gold contracts rose to $ 1,834.80 an ounce.
Bloomberg’s Mike McGlone said an increase in Tesla’s bitcoin investment could push the currency to 50,000, and the secret behind the market value topping $ 1 trillion.
“Tesla’s investment in bitcoin and acceptance of digital currencies in payments is a similar step to what PayPal did last October, and it’s instructive as the next goal will be $ 50,000 per currency. The fear of missing out on the opportunity is at the root of the cryptocurrency appeal as an alternative asset.
He added: “On top of this and that, Bitcoin’s supply is declining; by 2025, Bitcoin’s supply rate to total existing currencies will drop to less than 1%.”
A week ago, Elon Musk said in an audio chat on Bitcoin’s non-public Clubhouse app, “It’s too late to join the party.” “I must have bought bitcoin 8 years ago. Now I see bitcoin is good, I agree.”
Musk continues to tweet about other digital currencies, most notably through which he has grown over 110% in one week.
Ironically, Dogecoin was released in 2013, based on the popular dog meme of the time. The play started off as a joke, but gained notoriety over the following years and received special attention from the Reddit group called Satoshi Street Bets.
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