The crypocurrency surges nearly 8% in a week
With news of a large investment from Elon Musk and Tesla, the value of Bitcoin surged to an all-time high of just over $47,000 USD.
- Teslsa purchased $1.5 billion worth of Bitcoin.
- Elon Musk is exploring the possibility of allowing Bitcoin to be used, directly, for purchases
BTC is currently valued at around $45,000/BTC with a slight dip expected later this week. Bitcoin is seen by many as one of the few cryptocurrencies that are long investments, or should be held rather than attempting to pump and dump as was the case earlier this week with Dogecoin. Mark Cuban tweeted out that Dogecoin didn’t have any “intrinisic value” but purchased a small amount for his son to teach him about investing as well as for a little fun.