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Bitcoin broke the all-time record - and jumped to a value of $ 67,000

The digital currency has reached its highest point, since May then stood at a value of $ 64,000.

According to the US Securities and Exchange Commission, which for the first time allowed the issuance of bitcoin futures funds, it is responsible for the jump.

In May, its value dropped sharply after a negative tweet from Elon Musk

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• Bitcoin

Yinon Ben Shoshan

Wednesday, October 20, 2021, 18:04

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In the video: Power plant reactivated to mine Bitcoin (angle)

Bitcoin broke the all-time record today (Wednesday) - and jumped to an amazing value of $ 67,000.

This is the highest point the currency has reached since May 2021, when it stood at a value of $ 64,000.

According to estimates by the US Securities and Exchange Commission (SEC), which for the first time allowed the issuance of mutual funds (ETFs) of futures contracts on the price of bitcoin, it is responsible for the jump in currency.

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Bitcoin (Photo: ShutterStock)

Bitcoin excites the imagination of quite a few investors, but is still considered - like the entire cryptocurrency and blockchain market - a high-risk investment, especially by institutional investors who do not like volatility.

Still, precisely after what seemed like a gallop down, if not a real crash, that began after the peak reached in May, the digital currency managed to present a nice recovery, and the currency's ability to survive the many upheavals in its hair seems to be its most stable feature.

The decline in May came after Tesla CEO Elon Musk tweeted that "Tesla is troubled by the amount of energy invested in bitcoin mining and the expected environmental damage, so it will stop accepting bitcoin in car sales." "Bitcoin" on January 29, which jumped its price from 30,000 to $ 38.5,000 in one day.

On February 8, he even announced that Tesla had bought Bitcoin for the company's balance sheet worth $ 1.5 billion and would start accepting Bitcoin as a legitimate currency in the sale of Tesla vehicles.

This tweet also jumped the price, this time from 38 to 46 thousand dollars.

Musk became the hero of the Bitcoin community, even though there were those who feared a "bear hug," which later turned out to be a justified fear.

One of his tweets caused a sharp drop about.

Elon Musk (Photo: AP, Britta Pederson)

After the tweet in May the price of Bitcoin began to fall sharply. At the same time, there has been a huge wave of criticism against Musk and the company and its decision-making processes: "Did you not know these facts when you bought Bitcoin 3 months ago"? Many asked, "And if you knew, why did you buy anyway?"

It's only been 3 months, and Musk tweets again, this time in the opposite direction: "Tesla is troubled by the amount of energy invested in bitcoin mining and the expected environmental damage, so it will stop accepting bitcoin in car sales." The price, of course, began to fall sharply. At the same time, there has been a huge wave of criticism against Musk and the company and its decision-making processes: "Did you not know these facts when you bought Bitcoin 3 months ago"? Many asked, "And if you knew, why did you buy anyway?"

The currency, which was trading steadily at around $ 55,000 at the time, fell to its lowest level in a hundred days over the weekend, and at times traded around $ 42,000, a decrease of about 35% from the peak at $ 65,000 at the time.

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