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No means of payment is having as much impact around the world as Bitcoin. It wasn’t until the weekend that the cryptocurrency broke the magic mark of US $ 24,000 for the first time, for the first time since it was founded in 2009.
The digital currency is also breaking all records in Swiss francs: last Thursday, the CHF 20,000 mark was broken for the first time and Bitcoin has remained at the same high level ever since.
“One billion invested in Bitcoin”
Now, car pioneer Elon Musk (49) is also adding fuel to the fire: Tesla founder shows interest in advertising coin on short message service Twitter.
The image attached to the tweet shows a woman in a provocative pose, symbolizing Bitcoin, and a priest praying with the signature “Me, trying to lead a productive life.” Musk’s Unmistakable Message: The Temptation to Invest in Bitcoin is Great!
Musk even goes one step further and is considering converting his company’s assets into Bitcoin. Michael Saylor (55), co-founder of software maker Microstrategy, suggests: “If you want to do your investors a favor of 100 billion, now you can convert Tesla’s balance sheet from US dollars to Bitcoin.” Musk asked, “Are such large transactions possible?” Saylor responds casually: “I just invested 1.3 billion US dollars in Bitcoin.”
Tesla shares eight times in a year
The explosion in the price of Bitcoin is another sign of declining investor confidence in the US dollar. Critics fear a sharp rise in inflation rates with the billions in cash injections from the US Federal Reserve.
Already in the summer, the price of gold went from one high to the next. However, unlike stable gold, more caution is required when investing in Bitcoin. It is considered extremely volatile. It was not until March of this year that the value of the cryptocurrency fell in a few days to less than $ 5,000, and now it has returned to a record level.
Entrepreneur Musk, who has so far been frustrated by success, should also take this into account. He is currently on the run. Electric car maker Tesla’s share is only included in the renowned US stock index S&P 500 today. Since the beginning of the year, Tesla shares have risen in value nearly eight times.
Bitcoins, ethers, and over 4,000 other types of currencies are ultimately one thing above all else: digital money. You can buy them with “real money” and then pay with them where they are accepted as a means of payment. Bitcoins and co are popular for the way they are protected. Cryptography is the science of encrypting information and this is the principle on which crypto money is based. All data on owners and movements are stored in encrypted form. And not just on one server, but several thousand at the same time.
