The new bitcoin record has set the stage for a burrowing meal by Elon Musk | Economy

One week ago, a SpaceX cohort, Elon Musk’s aerospace company, exploded to get through a test flight. “We want to have an excellent bike. Solo debemos trabajar un poco en el atrrizaje ”, commented a portavoz. The phrase illustrates the perfection of the current moment of bitcoin: a perfect vulture, a full-blown atherosclerosis. The cryptocurrency continues this March with its ups and downs driven by the decision of Tesla’s electric car maker, the company founded and run by Musk, to invest 1,250 million euros and accept bitcoins to acquire its vehicles “in a future proximity ”. His price has increased to 48,000 dollars (39,600 euros), historical maximum, with a revaluation of more than 300% in one year.

The calls lamenting a regulation on cryptocurrency transactions he wanted to emerge through Tesla’s decision, which legitimizes the use of an asset considered by the Central European Bank “highly speculative”. Exactly one of the men’s key slaves of the supervisor in the last few years, the former president Vitor Constancio, has been one of the most powerful in censoring the past in the face of the bitcoin eye. “Authorities tolerate that the public will be engaged by technology enthusiasts who have no idea what it is money for. As Keynes proves, the main paper of the diner is a unit of definite stable definition and administered by the State that creates liquidity. Bitcoin is only a series of ceros and ones in a network of computers, no fundamental value because there will never be a coin “, he criticized on the social network Twitter.

The messaging platform is Elon Musk’s preferred scenario, the world’s richest man, to launch more than 46 million track followers on future inversions. If Donald Trump was able to initiate commercial wars to the tide, Musk would not back down: in recent weeks he has multiplied Dogecoin’s contribution, a cryptocurrency with which he is a popular meme of a dog, has given alas to GameStop sharing send to Reddit’s forum that is organized to artificially subdue its price and donate to the lowest funds, and has been able to separate the bitcoin with only writing its own letters in the biography of the social red. In a giro that surpasses its followers, last week’s announcement that Twitter was abandoned for a while, with no more explanations. El descanso no fue tal. And there are two days that have flown into its frantic rhythm of activity that includes notices of special company cohorts, memes and recommendations of inversion in letters of tone bromista.

His game with the markets is applauded by millions of people who adulthood as a visionary, a modern Midyad add to the limits, as the import appears smoking marijuana and drinking whiskey live on a radio program. Ability to knock Jeff Bezos off the throne of global wealth and obsession with changing the world. “I like a lot of video games, but, even though I have great game creations, what effect does this have on me in the world?”, Recounts the biography about Musk written by Ashlee Vance.

Constancio, retired from his job as number two of the BCE, but very close to the news, insinuates including a possible manipulation. Tesla has not yet announced the implementation of the bitcoins deal, and Musk passed the month of December writing to support the cryptocurrency. Calentó the value has been able to realize the purchase to appreciate the inversion of his company? Tesla says it will use its sobriety to buy bitcoins and maximize its money while diversifying its currency. The Portuguese executor questioned this operation: “No business can create a presumption or make a financial plan based on a unit that can vary so much,” he said.

The company of software MicroStrategy is one of those that has corrected this risk. Empezó used its efficiency to acquire bitcoins in August, and now, through the six months of Tesla’s announcement, it has more than 3,000 million dollars (2,400 million euros) in cryptocurrency, which is triple that. Without embarrassment, high volatility means that analysts are skeptical of a possible massive entry of large companies following the example of Tesla.

The claim of the company by bitcoin vincula of assets about those who donate money. The bursa capitalization of the carmaker is dropping 800,000 million dollars (661,000 million euros), so that the level will surpass in December the value of the other major mayors in the world sector, even though their sales are very inferior. . Tesla’s shares hold a PER (the number of times the benefit is contained in the share price) above a mile, while Apple’s 37, and the media of the companies in the Standard & Poors index, 23. This implies that Tesla tends to increase its sales exponentially to justify this price, for some overvalued analysts. “Bitcoin is Tesla without coaches”, says a statement circulating in the market.

Javier Molina, eToro’s spokesman in Spain, said the optimism raised by Tesla’s move could catapult bitcoin to $ 50,000 (411,000 euros). Some institutional investors were summed up in the last months of the year, but some of them had a reserve of valuable value in the limited number of available bitcoins, Constancio, which shared its BCE years with Mario Draghi, solo and humo. “Speculative assets are valued exclusively on credit. The inverted cranes that, debited to some risk, have more or less futures purchases, and buy or sell agreement with that expectant ”.

In full size, some small inverses tend to suck provecho del tree, pese a que el riesgo de recaída está ahí. Ante the question of one of them on the other hand empezar in the world of the cryptocurrencies, the council of another veteran is indicative of the times that run in the market. “With the place you are, buy bitcoin and follow Elon Musk’s Twitter account.”