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It is a figure of 02 digits.
Elon Musk, through his automaker Tesla, reported the purchase of $ 1, 500 million dollars in bitcoin , the main cryptocurrency in the market .
The news caused the price of the digital currency to increase by 17%, which led to each unit at a record price of $ 44, 220 of dollars.
Tesla said the purchase responds to an attempt to maximize cash returns that is not used in the daily operation of the company.
It is prod eleven days after Musk tweeted “#bitcoin,” which also increased the price of the cryptocurrency.
Although he removed the message days later, the businessman of South African origin has continued writing about bitcoin and other cryptocurrencies, such as dogecoin , which increased its value 50% after being mentioned.
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In a stock market presentation, Tesla said it “updated its investment policy” in January and now wanted to invest in “reserve assets” such as digital currencies, gold bars or funds traded on the gold exchange.
They explained that they had already bought the US $ 1. 500 millions of bitcoin and that they could “acquire and hold digital assets” in the future.
“Additionally, we expect start accepting bitcoins as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis ”, they said from the company.
Musk assured a week ago in a tweet that bitcoin was “On the verge” of being more accepted among investors.
A turning point ?
Some analysts believe that Tesla’s investment could assume a before and after for cryptocurrency.
“I think we will see an acceleration of companies looking to commit resources to bitcoin now that Tesla has taken the first step,” said Eric Turner, vice president of inte market light from cryptocurrency research firm Messari.
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“One of the largest companies in the world now owns bitcoins and, by extension, all investors who own Tesla, or even just a background of S&P 549, also have exposure ” .
But Neil Wilson, chief market analyst at Markets.com, cautioned that bitcoin is a “very volatile” cryptocurrency.
“Tesla is now starting to take a big risk [cambiario]; this may not worry a lot of investors, but some conservative guys might be worried, ”he said.
No backup?
Bitcoin, which has reached all-time highs in recent months after a roller coaster ride over the past decade, it has also received support from major financial institutions this year.
The administrator The world’s largest money maker, Blackrock, recently changed a handful of investment orders to allow some of its funds to invest in the currency.
However, central banks remain skeptical to Note digital currencies.
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In October, Bank of England Governor Andrew Bailey warned against using bitcoin as a payment method: “I have to be honest, it’s hard to see that bitcoin has what we usually do. call intrinsic value “he said.
“It can have extrinsic value in the sense that people want it,” he added.
And he said investors they must realize that their price is extremely volatile.
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