The main challenge now is to stabilize the cryptocurrency, and it requires the participation of other different companies and institutions.
The $ 1,500 million investment that Tesla’s state-of-the-art company has made in Bitcoin could mark the start of its conversion into a generalized exchange tool, Bloomberg forecast.
The principal defect of the cryptocurrency, in comparison with the money fiat or fiduciary, is its high volatility. Given that its value can easily lose 10% in a single day, the prices in bitcoins fluctuate according to its current exchange rate, almost impactively as a mid-day payment.
Hecho, it is probable that a possible decision by Tesla to start selling its automobiles in bitcoins can only change this situation. But if other market participants are involved, the cryptocurrency will have more stable derivatives, which will reduce the negative effects of its volatility.
However, London-based company Eleesa Dadiani, which specializes in digital currencies, believes that Tesla’s decision and its executive director, Elon Musk, are even more tardy.
“I’m surprised that haya has lived up to this for so long. It has the power to influence markets, and it’s the key to the number being generalized,” Dadiani told the agency.
The company indicates that the transformation of bitcoin into a stable payment medium is a major challenge for the market. “There are many parties that coordinate. I wonder if this will be just a market issue,” he added.
Tesla’s inversion has given rise to a new bitcoin creation. As a result, this March marks the release of a new historical record, surpassing the current $ 48,000 letter. Ahora se vende por alrededor de 47,300 dólares, die portal Coindesk.