Bitcoin Highs & Lows Crypto Bitcoin Cryptocurrency News Elon Musk Bill Gates $1 Billion Investment LiteCoin, Bitcoin News, Ethereum, DogeCoin
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Bitcoin Highs & Lows Crypto Bitcoin Cryptocurrency News Elon Musk Bill Gates $1 Billion Investment.
Microsoft co-founder Bill Gates was recently asked about investing in Bitcoin like fellow billionaire Elon Musk.
Gates explained to Bloomberg: “If you have less money than Elon, you should probably watch out.”
He also stated: “Elon has tons of money and he is very sophisticated. Digital money is a good thing,” and also called Tesla “one of the greatest contributions to climate change anyone’s ever made.”
While Gates may be hesitant, Musk’s investment in bitcoin has paid off so far, and could be one of the best bets ever if bitcoin surges above the $100,000 mark.
Meanwhile, Virginia-based enterprise software company MicroStrategy, made waves earlier this week for purchasing $1 billion worth of bitcoin (19,452 bitcoins) at an average price of $52,765 a coin.
This puts the company’s total bitcoins at 90,531, with an average pricepoint of $23,985 per digital token.
Due to this investment, shares of MicroStrategy were higher by more than 6% early in Wednesday’s session.
With the total value of money spent on bitcoin investments currently at $2.171 billion, I’m guessing that we’ll see more action in the future from MicroStrategy, as well as other major players that want to get in on the crypto games.
Finally, we’ve seen some crazy highs and devastating lows this week with the ever changing price of 1 bitcoin.
From a record high of $58,356 Sunday to as low as $45,501 on Tuesday, bitcoin prices have gone up and down significantly over the course of this week, and currently sits at $48,429 per bitcoin.
U.S. Treasury Secretary Janet Yellen explained earlier this week: “It is a highly speculative asset and … I think people should be aware it can be extremely volatile. I do worry about potential losses that investors can suffer.”
While I’m not sure if bitcoin or any other cryptocurrency will reach be able to take over as the reigning global currency, it’s encouraging for all cryptos to see such a wild reaction to bitcoin and it’s rise towards $100,000 per digital token.
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