Bitcoin price surpasses $ 47 thousand after Tesla invested $ 1.5 billion in it

Tesla's announcement of the purchase of bitcoins for $ 1.5 billion was a powerful impetus, which raised the rate of the leading cryptocurrency above $ 47 thousand.

In the first hour after Elon's companyMusk revealed information about huge investments in BTC to diversify her investment portfolio, and also said that she was considering accepting Bitcoin as a means of payment, its price jumped by $4 thousand.

For the lastday the cost of cryptocurrency increased by 20% and at the time of publication is $47,027. Today, the rate briefly peaked at $48,219, a new all-time high.

Analysts expected growth to stop inaround $ 45,000, but a strong incentive, combined with a lack of resistance, resulted in a synergistic effect. Experts say that an additional factor in the price increase is the increased inflation of fiat currencies against the backdrop of actions by central banks to support the economy during a pandemic.

An increase in the exchange rate also stimulates a reductionsupply of bitcoins on the market. According to  Glassnode, 78% of all coins mined are either held long-term or lost. The remaining 4 million BTC are being actively bought by large investors.

It is worth noting that as a result of the jump, Bitcoin's capitalization again exceeded Tesla's market value.

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