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Bitcoin Surges Above $44,000

February 8, 2021 at 13:52 by Mark Stevenson

Electronic car maker Tesla has announced a $1.5 billion investment in Bitcoin, according to a filing with the US Security Exchange Commission (SEC). According to the document:

In January 2021, we updated our investment policy, which will give us more flexibility to further diversify and increase returns on money that is not required to maintain adequate operational liquidity.

The policy includes investments in “alternative reserve assets, including digital assets, gold bars, ETFs and other assets.”

We have invested a total of $ 1.5 billion in Bitcoin under this policy and may acquire and store digital assets from time to time or over the long term.

The company also reportedly plans to add the ability to accept Bitcoin as payment for goods. As a result of this announcement, the price of one bitcoin jumped sharply to $44,851 at around 13:00 on Bitstamp.

At the time of writing, however, the BTC/USD pair is trading at 43,894.

Against the background of the announcement, most cryptocurrency exchanges were inaccessible to users.

In January 2021, Tesla CEO Elon Musk was ranked as the richest man in the world by Forbes World’s Billionaire.

It is also noteworthy that back in early January, Tesla founder Elon Musk said that he did not mind accepting payment for the company’s goods in Bitcoin. Just recently, he announced that he was a supporter of Bitcoin.

Recall that previously unknown whales have withdrawn 30,000 bitcoins to cold wallets through Coinbase with an average exchange rate of $33,000. At the same time, the number of Bitcoin wallets with a balance of more than 1000 BTC continues to grow rapidly. According to the indicators of the resource Glassnode, the number of such wallets is close to 2500.

If you have any questions and comments on Bitcoin today, use the form below to reply.

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