The cryptocurrency is now at its all-time high at over $ 60,000.
To make it clear: This is 3 times more than at the time of the first big hype in 2017.
Twitter king Musk
The electric icon pushed the currency rate higher and higher via the social media platform Twitter. For Musk, however, this is more than just fun, his company Tesla is with more than 1.5 billion Dollar itself invested in Bitcoin.
Bitcoin soon the new euro?
The speculators’ hope now is that this is not just a marketing gimmick from the California company, but that other established companies could follow suit.
To the moon or correction?
The question, however, is whether he will shake it off and leave it behind in the long term or whether it will ruin the cryptocurrency. In the past few weeks, a number of stocks (PlugPower, GameStop, Nel Asa) have been pushed for no fundamental reasons, but then they have a little support.
However, it shows that the new generation of investors is less risk averse. For many, the (crypto) exchange is entertainment. However, the risk affinity of investors could benefit the bitcoin price.
If you are interested in Musk’s possible calculation behind the Bitcoin investment, let you through the following article:
This post may contain promotional links that help us fund the website. When you click the links we receive a commission – but the prices do not change for you! 🙂
In addition, please note our disclaimer.
If you are considering opening an account with a CFD provider, you should know that CFDs are complex financial instruments that, through leverage, involve a high risk of losing money quickly. Most retail investor accounts lose money when trading CFDs.
You might be interested in that too
More from Cryptocurrency Analysis