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The price of the number one cryptocurrency began to rise again on Monday, and the growth continued on Tuesday, all thanks to Tesla and Elon Musk. The value of Bitcoin is recovering from last week's crash and is now trading at 54 900- 55 000 dollars.
After a two-week boom when bitcoin lost a record price of $65,000, its price sharply began to dive down to $47,000. However, thanks to the genius of Tesla CEO Elon Musk and the car company's interest in him, the price went up again yesterday, and the growth continued.
The car company Tesla has published its first reported results for 2021. The seventh consecutive quarter was profitable. Earlier, the company announced that it was selling 10% of the captain's BTC for $100 million, which at first was a wake-up call for investors and the global crypto arena. But soon, Elon Musk said via Twitter that he was not actually selling BTC from his personal portfolio, and clarified that the sale was just a test of the "liquidity" of digital gold. Tesla believes very much in bitcoin and considers it the currency of the future.
However, it is unclear how much BTC Musk has in his portfolio. Two years ago, he said that he actually had 0.25 bitcoin. He has long been considered a strong supporter of the cryptocurrency, helping to increase the value of Dogecoin with the support of publications in state media earlier this year, but he has never disclosed whether he has increased his personal assets. Despite the unpredictable decline of bitcoin last week, it is now predicting its growth again after Tesla and Musk had their hand in it. The price of BTC is still almost twice as high as at the beginning of the year, and its value has increased by more than 600 percent compared to the same period last year.
If the sharp rise continues this week, it may push Bitcoin back to historical highs, and if not, then the necessary momentum will be lost.
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