More than a trillion euros ran out in six months. Gone!
The crypto party is over. Last November, a bitcoin was still worth 65,000 euros. Then it went downhill. On Friday, the Digi-Speaker still cost 28,200 euros. A drop of almost 60 percent! Other cryptocurrencies have been hit even harder.
One of those who played is the man who started the latest bustle: Elon Musk (50). Between January 1 and February 8, 2021, the Tesla boss invested $ 1.5 billion in cash reserves from his electric car maker in 46,700 bitcoins. Average price per coin: 31,200 euros.
According to business magazine “Fortune”, Musk had given the king of cryptocurrencies mainstream investment status.
Musk liked to tweet about Bitcoin and Co., and everything went according to plan in the beginning. Tesla made more money with its crypto betting than with the sale of e-cars or batteries!
Meanwhile, not only is all profits gone, Tesla also made a negative business. And Musks have long preferred to tweet via Twitter itself, Biden or Trump.
” data-zoom-src=”https://bilder.bild.de/fotos/machte-den-bitcoin-als-investment-salonfaehig-als-er-mit-den-1-5-milliarden-dollar-cashreserven-seine-1fd4fa3847c64ab48c030d8883f8ebe5-80083862/Bild/5.bild.jpg”/> Made Bitcoin socially acceptable as an investment when he bought more than 47,000 of Digi-Taler with $ 1.5 billion in cash reserves from his company Tesla: Elon MuskPhoto: Patrick Pleul / dpa
Made Bitcoin socially acceptable as an investment when he bought more than 47,000 of Digi-Taler with $ 1.5 billion in cash reserves from his company Tesla: Elon MuskPhoto: Patrick Pleul / dpa
The richest man in the world is far from the only celebrity who has drummed for digital currencies on social media. The list of stars that nourished the cryptohyp is long:
► Gwyneth Paltrow (49): The Oscar winner offered his 2.7 million Twitter followers a free $ 500,000 last December. Background: She wanted to promote the cryptocurrency company “TeraWulf”, with which she had collaborated. “TeraWulf” wants to produce bitcoins with 100 percent carbon-free energy.
” data-zoom-src=”https://bilder.bild.de/fotos/schauspielering-gwyneth-paltrow-setzte-auf-den-hoehenflug-von-krypto-und-ruehrte-die-trommel-fuer-die-m-42b061db11474ebcb92422288b87a845-80083920/Bild/5.bild.jpg”/> Actress Gwyneth Paltrow bet on crypto-floating and hit the drums for the mining company TerraWulfPhoto: MIKE BLAKE / REUTERS
Actress Gwyneth Paltrow bet on crypto-floating and hit the drums for the mining company TerraWulfPhoto: MIKE BLAKE / REUTERS