Since Satoshi Nakamoto mined the first Bitcon block on January 3, 2009, the crypto asset has generated substantial gains for investors due to its meteoric growth just last week.
The price of Bitcoin (BTC) hit par with the U.S. dollar nearly ten years ago, a milestone praised by many as another step towards adoption. With Bitcoin currently fluctuating between $ 32,000 and $ 34,000, however, the price of the cryptocurrency is now the same as that of a Tesla Model 3, which sells for more than $ 30,000.
AN #bitcoin now buy a Tesla for you. So, when are you going to accept this, @elonmusk? pic.twitter.com/RONfVvH9i1
– Documenting Bitcoin (@DocumentBitcoin) January 3, 2021
Institutional players with millions to buy Bitcoin are also gaining billionaire status just a few days in 2021. The business intelligence firm MicroStrategy in Bitcoin in August and September is paying off, with the original investment of $ 425 million now worth more than $ 1.2 billion at the time of publication.
Assuming Tesla CEO Elon Musk is still HODLing its 0.25 BTC, the billionaire’s cryptography portfolio is now worth about $ 8,100, with Bitcoin’s market capitalization approaching that of the automaker. According to data from AssetDash, Bitcoin is now the ninth largest asset by market value, with $ 611 billion, behind e-commerce giant Alibaba and Tesla.
The 1,125,150 BTC connected to Satoshi Nakamoto, however, has been valued at well over $ 1 billion for some time. However, the current bull run now places the Bitcoin creator among the 40 richest people in the world, with his assets worth around $ 37 billion – behind British businessman Len Blavatnik according to the billionaire Bloomberg index.
As the price of Bitcoin innovates with each passing day, social media interest is also breaking new records. According to Josh Frank of The TIE, the total volume of tweets about Bitcoin surpassed that of the 2017 bull run to reach 140,000, with more than 70,000 unique identifiers on Twitter posting about the crypto asset.
At the time of publication, Bitcoin’s price was $ 32,780, having risen 21% in the last 7 days. The cryptocurrency exceeded $ 34,700 and reached a new historical record today.