Bitcoin's value tops $1T for first time
Bitcoin's yearly gain is 82%
Bitcoin trading above $50k is 'just the start': Investment exec.
KRBE digital assets group co-founder Isaiah Jackson and Anchorage co-founder and president Diogo Monica discuss the future of cryptocurrency.
Bitcoin’s total market value, based on supply, has hit $1 trillion for the first time, as tracked by CoinMarketCap.com.
Any level above the current price of $55,000+ will keep the currency at this milestone, according to Dow Jones Market Data Group.
Courtesy: Coindesk
So far this year the currency has gained over 82% as more institutions and corporations take a stake in the cryptocurrency, making the once speculative investment, less so.
TESLA BUYS $1.5B IN BITCOIN, WILL START ACCEPTING FOR CARS
Last month, Tesla wowed the investment community, with a $1.5 billion purchase of bitcoin to “further diversify and maximize” the return on its cash. Tesla ended 2020 with $19.38 billion in cash and cash equivalents, as noted in an SEC filing. It also noted it may soon accept bitcoin as payment for its cars.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA, INC. | 675.50 | -6.72 | -0.98% |
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Additionally, Tesla said it may invest more of its cash in digital assets, gold bullion, gold exchange-traded funds and other assets.
BITCOIN RUSH? WHY CEOS MAY NOT FOLLOW TESLA
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS CO. | 51.12 | +0.43 | +0.85% |
| TWTR | TWITTER, INC. | 77.06 | +2.47 | +3.31% |
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While other companies including General Motors and Twitter, have not followed suit, executives noted they were watching the developments.