Bitcoin: Tesla owner Elon Musk has invested in Dogecoin crypto currency for his nine-month-old son. He gave this information by tweeting himself. Elon Musk recently reported that his company Tesla has invested $ 1.5 billion in Bitcoin. As soon as this news came, bitcoin prices saw a rise of up to 15 percent. This is the first time that the Bitcoin rate has exceeded $ 44,000.
Bitcoin price reached All time High
A tremendous jump in bitcoin prices Bitcoin prices saw a huge jump in bitcoin prices as soon as Tesla Inc revealed that it had invested $ 1.5 billion in bitcoin. It reached $ 44,000 which is All time High. Tesla also said that it would start accepting digital tokens as a payment for its electric cars.
Due to this, crypto currency is criticized
One of the most influential companies in the world and Billiener Elon Musk’s investment in bitcoin shows how much cryptocurrency is getting people’s support. Whereas, due to money laundering and fraud, policy makers have also criticized the cryptocurrency a lot.
Law will soon be made in India too
Bitcoin: Central government may soon introduce bill on crypto currency. While giving information in Rajya Sabha, Minister of State for Finance Anurag Thakur gave information. According to Reuters news, the government believes that there is not enough law in the country for crypto currency. In such a situation, the government is considering making some more laws on crypto currency.
‘Investment in bitcoin will increase further’
Antoine Trenshev, managing partner and co-founder of Nexo in London, said that – giving $ 1.5 billion of its company’s coffers for bitcoin shows how large it has achieved institutional adoption. He further said that ‘Tesla has now cleared the way’. At the same time, Trenchev said that he expects at least 10% of the S&P 500 companies to invest in bitcoin by the end of 2022.
Many companies have invested money
At the same time, other companies have also invested in bitcoin. MicroStrategy Inc. Has spent about $ 1.1 billion on it. In October, Square Inc., headed by long-time crypto supporter Jack Dorsey, announced that it had converted nearly $ 50 million of its total assets into tokens in the second quarter of 2020. At the same time, Bill Miller of Miller Value Partners has said that this is just the beginning. Both controversy and praise are associated with bitcoin. The biggest thing in which is its uncertainty. Some people see it like a bubble. At the same time, there are many people who say that this will last for a long time.
