“Tesla Inc.”, a major US electric vehicle manufacturer. Announces $ 1.5 Billion Investment in Bitcoin Causing the price of such cryptocurrencies to soar continuously And set a new record for the highest price above $ 44,000 or about 1.3 million baht
Bitcoin prices rebound Continued to rise yesterday (8 Feb) responded to the news that Tesla company of Mr. Elon Musk The world’s top billionaires have entered Buy $ 1.5 billion of bitcoins Or about 45,000 million baht, and the company is ready to accept payments for car purchases with cryptocurrency like bitcoins
Elon Musk sent a notice to the US Securities and Exchange Commission (SEC) or the US SEC that The Tesla company has bought the aforementioned bitcoins. To provide greater flexibility in investment diversification And in order for the Company’s cash to generate the highest return The company will diversify its cash reserves to invest more in digital assets, gold and gold ETFs.
Since January, Tesla has adjusted its investment policy to be more flexible. And increasing the return of cash reserves, which is an excess of liquidity reserves in normal operations. The company’s alternative assets include gold and bitcoins, for example. These assets can be held over the long term. Tesla will also begin accepting Bitcoin payments for its products. Which is considered a new phenomenon in the automotive industry
After the announcement of the said news Bitcoin price It was driven to surpass US $ 42,000, a 9% increase, and it was immediately a historic high.
Bitcoin has rallied steadily since late last month. After Elon Musk added the hashtag #bitcoin to his Twitter account. Analysts at social capitals predicted that Bitcoin prices could continue to rise, potentially reaching $ 100,000, $ 150,000 and $ 200,000.
Mr. Nicholas side Panikers Sokol JP Morgan analysts predicted that In the long term, bitcoin will likely reach $ 146,000, a factor that will strengthen Bitcoin as investors begin to diversify by buying bitcoin. Notice that
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The Bitcoin rebound differs from 2017 in that it was fueled by a buzz from fintech conglomerates and big market investors like Paul Tudor. Jones and Mr. Stanley Drucken Miller This is different from in 2017 where the majority of Bitcoin investors are retail investors.
Meanwhile, the crypto money market (Cryptocurrency) is also fueled by other factors such as the fintech giant PayPal. New features have been added to allow users to trade bitcoin. And other cryptocurrencies PayPal customers can also use cryptocurrencies to shop from the company’s 26 million retail chains.
The company “Square” (Square), a US fintech company. Previously disclosed that The company has acquired $ 50 million in bitcoins, and Square has also launched a crypto-currency service to customers using the company’s Cash app.
Another key factor driving bitcoins It is the fact that governments and central banks around the world are taking out economic stimulus measures to cure businesses affected by the COVID-19 outbreak. The measure has weakened the currencies of many countries. As a result, investors turn to hold bitcoin as an alternative asset even more. Because Bitcoin is viewed as a safe asset Like gold Investors flock to buy in times of panic. Investors also prefer to use bitcoin as a hedge against inflation as governments tend to release stimulus measures.
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