Bitcoin for the first time rose to $44 thousand because of Elon Musk

Elon Musk's company announced the purchase of $1.5 billion worth of bitcoins, after which the cryptocurrency began to grow sharply.

Despite the fall of the cryptocurrency in January, bitcoin for the first time reached the value mark of $44 thousand — this is a record figure in the entire history of the cryptocurrency.

One of the incentives for the growth of bitcoin could be the news that Elon Musk's Tesla company invested more than $1.5 billion in the cryptocurrency. Also in the future, the company will accept cryptocurrency to pay for goods and services. After this announcement, the exchange rate for an hour increased from $39 thousand to $44 thousand and is still held at this mark.

The planned growth of bitcoin began in the fall of 2020, it continued until mid-January 2021. After the cryptocurrency reached a record high of $40 thousand, the exchange rate began to gradually fall and held in the region of $30-35.

What will happen with bitcoin next — no one knows. Some analysts reported that the cryptocurrency was overvalued at the level of the exchange rate of $30 thousand, while others predicted an increase of up to several hundred thousand dollars. A sharp collapse, as at the end of 2017, has not yet happened, but the growth rate has significantly decreased.