Home » Business » Bitcoin is exceeding US $ 45 thousand thanks to Elon Musk: Tesla plans to accept it as a means of payment | Economy

Bitcoin is exceeding US $ 45 thousand thanks to Elon Musk: Tesla plans to accept it as a means of payment | Economy

The bitcóin surpassed this Tuesday $ 45,000, driven by the announcement of an investment of 1.5 billion dollars in this cryptocurrency by Tesla, that also plans to accept it as a means of payment.

This Tuesday, bitcoin was trading at $ 45,445.27, after reaching a new high of 48,215.82 at the start of the day, according to data compiled by Bloomberg.

“Elon Musk has given bitcoin the most support in the history of cryptocurrencies”said Michael Hewson, an analyst at CMC Markets.

The head of Tesla, the richest man in the world, praised bitcoin and cryptocurrencies several times on Twitter, but it is the first time that a company of the size of Tesla has invested a part of its treasury in bitcoins.

Private companies are often reluctant to trade their dollars for such a turbulent asset.

“The high volatility of bitcoin will inevitably lead to volatility in Tesla’s earnings and make the company’s performance less predictable, ”says Ipek Ozkardeskaya, an analyst at Swissquote.

Another American company, the software company MicroStrategy, has bought more than a billion dollars in bitcoin in recent months.

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