Bitcoin powers to new high as Tesla takes it mainstream – দৈনিক ডোনেট বাংলাদেশ

দৈনিক ডোনেট বাংলাদেশ

নিউজ ডেক্স
আপডেটঃ ১১ অক্টোবর, ২০২১
৮:৪৪ পূর্বাহ্ণ
15 ভিউ

Bitcoin powers to new high as Tesla takes it mainstream

ডেস্ক নিউজ
আপডেটঃ ১১ অক্টোবর, ২০২১ | ৮:৪৪ 15 ভিউ
-- ডোনেট বাংলাদেশ

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers. Bitcoin has more than doubled over two months as institutional investors search for alternative wealth stores and retail traders ride the wave. Monday’s leap after Tesla’s announcement was its largest daily

rise in more than three years. It climbed to a new peak of $48,216 late in the Asian afternoon on Tuesday. Rival cryptocurrency ethereum had struck a record high of $1,784.85 in the early morning. Shares of companies that provide trading platforms for bitcoin and the technology to “mine” the cryptocurrency surged in China, South Korea, and Australia, and big computer chip making companies such as SK

Hynix also rose. The U.S. dollar slumped against most currencies. Analysts figuredTesla’s announcement that it had bought $1.5 billion in bitcoin and that it would take the cryptocurrency as payment for cars is part of a larger shift as companies and big investment houses follow small traders into the asset. “While you can now buy a Tesla with bitcoin, I wouldn’t suggest doing so,” said Michael Bucella, partner

at crypto investment firm BlockTower on CNBC. “We’re in a position where these are the earliest phases of an allocation to bitcoin from the institutional and corporate community.” Bitcoin is already up 62% this year, on top of a 300% rally last year, as investors search for alternatives to the greenback because of the U.S. Federal Reserve’s 0% interest rates. Central bankers and regulators, particularly in China,

are also starting to embrace issuing their own digital currencies for everyday use, in a major break from the conventional workings of global finance. “Digital currencies, it seems clear to us, are going to be an increasing part of financial architecture very broadly and potentially portfolios moving forward,” Ben Powell, APAC chief investment strategist at BlackRock’s Investment Institute, said on CNBC. “There isn’t just news in the
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U.S. with the bitcoin situation, but in China we’ve got a rollout of China’s digital currency with so-called ‘red packets’.” Tesla boss Elon Musk has long been a cryptocurrency fan - he has talked them up online - but Tesla’s hard currency investment came as a surprise that has put a rocket under the sector.

দৈনিক ডোনেট বাংলাদেশ সংবিধান ও জনমতের প্রতি শ্রদ্ধাশীল। তাই ধর্ম ও রাষ্ট্রবিরোধী এবং উষ্কানীমূলক কোনো বক্তব্য না করার জন্য পাঠকদের অনুরোধ করা হলো। কর্তৃপক্ষ যেকোনো ধরণের আপত্তিকর মন্তব্য মডারেশনের সর্বদা ক্ষমতা রাখেন।

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