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Ilan Mask reacted to the high bitcoin record

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  Bitcoin

TL; Fault DR

  • Tesla CEO Ilan Musk sent a memorable celebration to celebrate the new Bitcoin history record.
  • According to CoinDesk, bitcoin hit a new high of $ 66,974.77 yesterday. However, the mask is expected to increase again.

Tesla CEO Ilan Musk, one of the richest men on earth, sent a fascinating note to celebrate the new record in Bitcoin history. The billionaire is known for his controversial tone about the cryptocurrencies he likes, but not this time. She Tweeted A picture of a couple in bed staring at a page showing the price of Bitcoin at $ 69,000. And Ethereum, another large cryptocurrency priced at $ 4,200. Elon’s morning tweet may mean that bitcoin may increase more than he predicted.

Ilan Mask reacted to the 1 bitcoin record

According to CoinDesk, bitcoin reached its highest level yesterday at $ 66,974.77, which represents a jump in value last month.

Bitcoin is on the rise, and several factors may be involved.

Why is bitcoin on the rise?

First, Bitcoin ETFs are traded on the New York Stock Exchange. Therefore, the importance of this celebration makes the coin more valuable. And, for the first time, it has a tremendous connection to the encrypted space. It is memorable. The main interests of more prominent investors who never want to own bitcoin directly are listed.

Bitcoin futures will soon be available to more investors as two North American ETFs are due to be listed this month. However, the United States is not the first country to approve its founding. Canada has approved several funds in the last 12 months.

In addition, the recent achievements of Bitcoin are very favorable due to the approval of the ProShares ETF and the principles. Bitcoin has recently been on the rise as its core values ​​have improved significantly over time.

Also, increasing acceptance, and more people are using it for transactions instead of fiat currencies such as the dollar or the euro. This increase in investor interest has led to even higher prices in various exchanges around the world.

Tesla and Bitcoin Elon

In the first months of the year, Tesla announced that it had bought $ 1.5 billion worth of bitcoins. In addition, they made it clear that they would accept them as payment for their cars.

However, Ilan Mask announced in May that Tesla would no longer accept bitcoins to buy cars. He cited long-term environmental concerns as the reason for their decision.

This news came as a surprise to many who believed the company was integrating encrypted payments into its business model.

The statement caused Bitcoin to fall more than 10 percent overnight and rise again the next day.

However, Elon said in his defense that he believes cryptography has a promising future, but it can not cost the environment much. In general, the only way for cryptocurrencies and China blockchain technology is sustainable development, so we are not in the apocalypse like Terminator 2.