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Bitcoin is aiming for $ 50,000 after an investment by Elon Musk

2021-02-09T11:16:36.889Z


After the automaker Tesla invested $ 1.5 billion in Bitcoin, the digital currency soared to record highs. Ether also benefits.


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Bitcoin digital currency (symbol image)

Photo: Mark Garlick / Science Photo Library / Getty Images

The soaring in the market for cryptocurrencies continues.

Bitcoin, the oldest and best-known digital currency, is targeting the round mark of 50,000 US dollars.

Ether, the second largest Internet currency after Bitcoin, is rising towards $ 2,000.

The total market volume of all around 8,400 crypto currencies is now around 1.4 trillion dollars - that is also a historic high.

Bitcoin cost up to $ 48,216 on Tuesday on the Bitstamp trading platform, more than ever before.

Most recently, the price fell to $ 47,000.

The course was particularly boosted by the manufacturer of electric cars, Tesla.

The company says it has invested $ 1.5 billion in Bitcoin and intends to accept the digital currency as a means of payment in the future.

This raises the hope that other companies could follow suit, which would increase the acceptance of Bitcoin.

Ether has also benefited noticeably from the onslaught of digital currencies recently.

The round mark of $ 1,800 was exceeded for the first time on Tuesday.

Number two on the crypto market is particularly popular in the financial scene, as one focus is on the decentralization of financial services.

The crypto boom is fueled not least by the glut of money from central banks and important industrialized countries.

In the corona crisis, the central banks made their monetary policy, which was already loose, much more generous.

The states support consumers and companies with high spending, which increases the national debt burden sharply.

This development could result in increased inflation that would devalue traditional currencies.

Some investors are therefore increasingly asking for alternative investments such as digital currencies.

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caw / dpa / Reuters

Source: spiegel

All business articles on 2021-02-09

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