Tesla founder Elon Musk said the company would not sell its bitcoins yet, despite the collapse of their exchange rate.
Kyiv. Ukraine. Ukraine Gate – May 20, 2021 – Entrepreneurs
Elon Musk wrote about this on Twitter, posting two emojis – “diamond” and “hands”.
According to The Independent, in the slang of cryptocurrency owners, this means the intention to keep assets despite the unstable market situation.
It is noted that the Mask tweet was a reaction to the sharp fall in the exchange rate of bitcoin and other cryptocurrencies. In particular, after China banned banks and payment services from cryptocurrency transactions.
Against the background of Beijing’s decision on May 19, the bitcoin rate fell below $ 31,000. This is twice less than the record value of bitcoin of $ 64.8 thousand per unit, recorded on April 14.
After Mask’s tweet, according to CoinDesk, the rate of bitcoin to the dollar rose from $ 34 thousand to $ 37 thousand.
It will be recalled that the fall of the cryptocurrency began earlier – after Ilona Mask’s statement that Tesla will not accept bitcoins to pay for electric cars.
What is bitcoin
Bitcoin is an electronic currency, the concept of which was voiced by Satoshi Nakamoto in 2008 and presented by him in 2009, based on a self-published document by Nakamoto.
Initially, this cryptocurrency cost only a few cents and attracted little public attention. In 2013 alone, the bitcoin exchange rate surpassed the $ 1,000 mark for the first time.
The year 2017 became significant for this cryptocurrency, at the beginning of which one bitcoin cost a thousand dollars. Then he began to cross a thousand marks almost every month, confidently approaching 20 thousand.
How the cryptocurrency rate changed
In February 2020, against the background of falling global stock markets, bitcoin grew steadily. On February 9, the price of cryptocurrency crossed the mark of $ 10 thousand for the first time since October 2019.
The price of cryptocurrency on March 13, 2020, fell by 32% to $ 3915, which was the lowest figure since March 2019.
On May 11, 2020, the “halving” of bitcoin (BTC) took place. The main task of this mechanism, laid down in the protocol of the blockchain network more than ten years ago, is to control the issuance of cryptocurrency and curb its inflation.
The US stock indexes Dow Jones Industrial Average, Nasdaq, and S&P 500 fell 9.5 percent in trading on March 12. It was a record drop since October 19, 1987, known as Black Monday.
As of July 28, 2020, at the beginning of quarantine, bitcoin has risen three times.
As of October 21, 2020, the bitcoin exchange rate, which collapsed in early September, reached $ 12,291 per coin.
On October 22, 2020, the value of bitcoin rose to an annual maximum.
On November 4, 2020, the day of the US presidential election, the bitcoin rate rose above $ 14,000.
On November 18, 2020, the value of bitcoin for the first time since December 2017 exceeded $ 18 thousand.
On December 16, bitcoin set three records at once.
On December 30, 2020, the bitcoin exchange rate rose to $ 29,000.
As of January 8, 2021, the value of bitcoin exceeded $ 40 thousand.
On February 19, 2021, Elon Musk revealed the secret to the success of bitcoin.
On February 22, 2021, the price of bitcoin exceeded $ 58 thousand.
On April 13, 2021, bitcoin traded in excess of $ 62.7 thousand, renewing the all-time high.
On April 23, 2021, bitcoin collapsed to a record low.
Read also: The Genius Elon Musk’s Special Rituals
Source: Ukrgate
