Since Satoshi Nakamoto mined the first Bitcon block on January 3, 2009, the crypto asset has led to significant gains for investors given its meteoric rise in the past week alone.
The price of Bitcoin (BTC) today became almost ten years ago equal to the US dollar, a milestone that is praised by many as another step in the direction of adoption. However, with Bitcoin currently ranging between $ 32,000 and $ 34,000, the price of the cryptocurrency is now the same as that of a Model 3 Tesla, which sells for more than $ 30,000.
A #bitcoin buy you a Tesla now. So, when will you accept it, @elonmusk? pic.twitter.com/RONfVvH9i1
– Documentation of Bitcoin (@DocumentBitcoin) January 3, 2021
Institutional players with millions who are going to buy Bitcoin will also only get a billionaire status for a few days until 2021. The industry intelligence firm MicroStrategy’s Bitcoin bet of August and September is bearing fruit, with the original investment of $ 425 million now worth more than $ 1.2 billion at the time of publication.
Suppose Elon Musk, CEO of Tesla, is still HODLing its 0.25 BTC, the billionaire’s crypto portfolio, is now worth about $ 8,100, with Bitcoin’s market capitalization at the automaker. According to data from AssetDash, Bitcoin is now the ninth largest asset by market capitalization at $ 611 billion behind e-commerce giant Alibaba and Tesla.
The 1,125,150 BTC linked to Satoshi Nakamoto has meanwhile been valued at more than $ 1 billion. However, the current bull run now makes the Bitcoin creator one of the top 40 richest people in the world, with its stake of about $ 37 billion – just behind British businessman Len Blavatnik according to the Bloomberg billionaire index.
As the price of Bitcoin makes new pioneers every day, interest in social media has also set new records. According to Josh Frank of The TIE, the total tweet volume on Bitcoin is past that of the Bull Run in 2017, reaching 140,000, with more than 70,000 unique Twitter handles on the crypto asset.
At the time of publication, the price of Bitcoin is $ 32,780, which has risen by 21% over the past 7 days. The cryptocurrency passed $ 34,700 to reach a new everyday high earlier today.