Bitcoin has surpassed $ 1.4 million after Tesla, whose CEO Elon Musk was bought, was worth $ 1.5 billion or more than 45 billion baht.
When the early hours of Monday, February 8, 2021 past prices Bitcoin Has risen above the original high of 1,280,000 baht and on Tuesday morning, February 9, 2021, the price wasContinuously rising and hit a new high of 1,400,000 baht On the Thai cryptocurrency exchange Bitkub, or approximately 46,794 dollars on a foreign exchange.
Tesla joins the army to hold Bitcoin!
This breakout of Bitcoin’s original high came from buying. Tesla, the world famous technology company Which has people around the world who are watching like you Elon Musk Tesla CEO, Tesla has acquired Bitcoin for over $ 1.5 billion. Or equivalent to about 45 billion baht in Thai money!
The reason for this acquisition was Tesla. “For financial flexibility and for speculation for the company,” Tesla also stated. “There will be a development of a Bitcoin payment system to purchase Tesla products and services through various trading boards,” making Tesla the world’s first automaker to accept payments with cryptocurrencies. Renzi
Earlier, Elon Musk also signaled his support for Bitcoin by changing his Twitter account status to symbolic Bitcoin, and stated his support for Bitcoin through Forbes magazine, stating that Bitcoin is a good thing. And is going to receive wide support from society soon.
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Bitcoin prices rise because of the big companies
This is not the first time Bitcoin has risen, driven by news of acquisitions from global companies. Earlier, the Bitcoin price had risen from buying things. Microstrategy A large US financial advisory firm that has acquired more than $ 70,470 in Bitcoin as a reserve asset, estimated to be approximately $ 9.2 billion or US $ 2.2 billion.
Besides Tesla and Microstrategy There are still many companies that decide to buy bitcoin as a reserve asset, whether it’s Grayscale, a large US financial firm with $ 64,000 in Bitcoin ownership, or even an educational institution like Harvard University that owns Bitcoin. Together is worth up to 40 billion US dollars
Why do global companies choose to hold Bitcoin?
These global companies decided to acquire Bitcoin as a reserve asset. It’s like a central bank holding gold or a foreign currency. Coming from concerns about inflation Especially in the superpowers like the United States who have been affected by the COVID-19 crisis and the economic stagnation.
As a result, the Federal Reserve decided to adopt the Unlimited QE or unlimited money printing measures until the inflation rate reached its target level. That’s why corporations and people around the world are looking for assets they can own and protect their wealth. One of the options is Bitcoin.
Bitcoin’s latest move is another clear sign that Bitcoin is growing in popularity and acceptance from global organizations. Especially in the present day As we call it the “digital age”, people generally have easy access to financial services on the Internet. Coupled with the features of Bitcoin that are recognized as “Digital Gold”, the future of Bitcoin and cryptocurrencies is definitely something to watch!
References: CNBC, Cointelegraph, Decrypt, Coindesk
Source information: Bitkub
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The Bitcoin bubble will remain unbroken and will not go below $ 20,000.
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