Forex and Crypto News

Elon Musk raised the price of Bitcoin again

18:00 08 February /2021

Today's rise in the price of Bitcoin was not a surprise. Surprisingly, the price set a new all-time high and reached $44899 on the Bitstamp exchange.

The catalyst for such a sharp rise in the price of Bitcoin was the news of Tesla's purchase of a large number of Bitcoins. Tesla has acquired Bitcoins for $1,5 billion, it announced today in a notice to the US Securities and Exchange Commission (SEC).

From the notice, it became known that in January Tesla revised its investment policy and diversified it to increase cash income that is not required to maintain operational liquidity. The company clarified that it acquired Bitcoins as a long-term investment for further holding. The company reserves the right to hold Bitcoins or sell them at some stage.

In addition to buying Bitcoins, Tesla's updated investment policy provides for the adoption of Bitcoin as a form of payment in the future.

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Against the background of this news, the price of Bitcoin in just 1 hour rose from $39400 to $43275. At the time of publication, BTC is trading at around $43179.

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