Bitcoin price surpasses $ 47 thousand after Tesla invested $ 1.5 billion in it

Tesla’s announcement to buy bitcoins for $ 1.5 billion was a powerful impetus that raised the rate of the leading cryptocurrency above $ 47 thousand.

In the first hour after Elon Musk’s company released information about huge investments in BTC to diversify the investment portfolio, and also said that she was considering accepting bitcoin as a means of payment, its price jumped by $ 4 thousand.

Over the last 24 hours the cost cryptocurrencies increased by 20% and at the time of publication is $ 47,027. Today the rate briefly reached a high of $ 48,219, which is a new all-time high..

Analysts expected the growth to stop around $ 45,000, but the strong stimulus, combined with the lack of resistance, resulted in a synergistic effect. Experts say that an additional factor in the price increase is the increased inflation of fiat currencies amid actions by central banks to support the economy during a pandemic..

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Bitcoin price surpasses $ 47 thousand after Tesla invested $ 1.5 billion in it

The rise in the rate also stimulates the reduction in the supply of bitcoins in the market. According to the company  Glassnode, 78% of all mined coins are held on a long-term basis either lost. The remaining 4 million BTC are actively bought up by large investors.

It should be noted that as a result of the jump, the capitalization of bitcoin again exceeded the market value of Tesla..

text: Ivan Malichenko, photo: iStock

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