{"id":174123,"date":"2021-02-09T17:31:18","date_gmt":"2021-02-09T14:31:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hits-another-record-high-after-teslas-1-5b-buy-in\/"},"modified":"2021-02-09T17:31:18","modified_gmt":"2021-02-09T14:31:18","slug":"bitcoin-hits-another-record-high-after-teslas-1-5b-buy-in","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-another-record-high-after-teslas-1-5b-buy-in\/","title":{"rendered":"#Bitcoin hits another record high after Tesla’s $1.5B buy-in"},"content":{"rendered":"

“#Bitcoin hits another record high after Tesla’s $1.5B buy-in<\/strong>”<\/p>\n

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Bitcoin touched a fresh all-time high Tuesday as Tesla\u2019s $1.5 billion investment in the cryptocurrency pushed it further into the mainstream.<\/p>\n

Bitcoin\u2019s price surged as high as $48,226.25 in the early morning, according to CoinDesk<\/a>, continuing a rally that started Monday after Elon Musk\u2019s electric-car maker announced that it had moved a chunk of its balance sheet into the crypto market.<\/p>\n

The world\u2019s biggest digital currency pared the gains into the morning and was recently trading at $45,705.85, about 4 percent higher than a day earlier.<\/p>\n

Bitcoin has surged about 60 percent this year and roughly trip<\/a>led over the past three months amid signs that it was gaining broader acceptance among institutional investors as well as retail traders.<\/p>\n

Tesla\u2019s big buy-in, paired with an announcement that it plans to start accepting bitcoin as payment, \u201cis a major vote of confidence for the future of the cryptocurrency and could have effects on the market well beyond yesterday\u2019s knee-jerk reaction,\u201d Axi market analyst Milan Cutkovic said.<\/p>\n

Bitcoin hasn\u2019t been the only cryptocurrency to rally this week. Ether, the second-largest coin by market value, also touched a record high of $1,824.59 early Tuesday after the Chicago Mercantile Exchange launched futures contracts for it this week, according to CoinDesk.<\/p>\n

And dogecoin, a meme-inspired crypto coin, hit an all-time high Sunday after Snoop Dogg and Gene Simmons joined Musk in talking it up.<\/p>\n

\"A
Bitcoin\u2019s price surge remains intact<\/figcaption>
Yahoo! Finance<\/span><\/figcaption><\/figure>\n

Musk has become a prominent cryptocurrency booster, and he publicly mused about moving part of Tesla\u2019s balance sheet into bitcoin a couple months before the automaker announced that it had pulled the trigger.<\/p>\n

But it remains to be seen whether other big companies will follow suit given the risks that come with investing in bitcoin, including its volatility.<\/p>\n

\u201cMost shareholders own Tesla because they expect them to make money selling cars, not by trading cryptocurrencies with shareholder capital,\u201d said Jerry Klein, managing director and partner at New York-based Treasury Partners. \u201cCFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet.\u201d<\/p>\n

With Post wires<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Bitcoin hits another record high after Tesla’s $1.5B buy-in” Bitcoin touched a fresh all-time high Tuesday as Tesla\u2019s $1.5 billion investment in the cryptocurrency pushed it further into the mainstream. Bitcoin\u2019s price surged as high as $48,226.25 in the early morning, according to CoinDesk, continuing a rally that started Monday after Elon Musk\u2019s electric-car maker…<\/p>\n","protected":false},"author":1,"featured_media":174124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/bitcoin-price-31.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,92502,76127,73785,36402],"class_list":["post-174123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-2-9-21","tag-cryptocurrency","tag-markets","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174123"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174124"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}