From record highs to record highs – Bitcoin and Elon Musk


Confidence in the new currency unit of the 21st century has been growing in the society for years. Cryptocurrency is becoming more and more popular. However, the public attitude towards him is still cautious and the market is unstable.

This is evidenced by the developments around Bitcoin in the last 2 months. Confidence in the cryptocurrency has grown since an American billionaire advised fellow businessmen to invest in Bitcoin. Moreover, Elon Musk announced that the company “Tesla” also planned to sell cars via Bitcoin. Musk soon invested $ 1.5 billion in Bitcoin.

The investment of the influential billionaire was joined by others, which led to a significant increase in the price of Bitcoin and reached historic highs. However, after 2 months, the price of Bitcoin fell sharply.

The reason is still billionaire Elon Muskie, who wrote on Twitter that the company “Tesla” was stopping trading in Bitcoin. Musk explained the decision with climate change, noting that the way bitcoin is generated is one of the sources of emissions.

The price of Bitcoin was significantly reduced even before the announcement of the American billionaire. After the announcement of Musk, the price of cryptocurrency depreciated by an additional 10%. The price of one bitcoin is now about $ 50,000.

A lot of information was spread after the announcement of the American billionaire, including the rumor that the billionaire sold the purchased bitcoins. Elon Musk responded to the spread information on “Twitter” and said that he did not sell the bitcoins purchased in March 2021.

Bitcoin value has stopped at the lowest mark in the last 3 months. Despite all this, Bitcoin is still the most popular digital currency.