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Bitcoin rate reached a new all-time high, and Elon Musk supported the cryptocurrency
The head of SpaceX and Tesla Elon Musk once again complimented the first cryptocurrency. He compared Bitcoin to regular money. At the same time, the cryptocurrency itself has broken a new cost record.
Image source: block-chain24
Musk wrote yesterday: “Bitcoin is almost as good as fiat money.”. Fiat money refers to ordinary money (rubles, dollars, euros) that most people use every day.
Bitcoin is almost as bs as fiat money
– Elon Musk (@elonmusk) December 20, 2021
Also on December 20 in the evening at 23:44 Moscow time, based on the data of the CoinDesk portal, the exchange value of bitcoin for the first time in history exceeded the $ 24 thousand mark., reaching $ 24,228. At the time of writing, bitcoin has dipped slightly and is trading at around $ 23,970.
One word: Doge
– Elon Musk (@elonmusk) December 20, 2021
Yesterday Elon Musk wrote: “One word: Doge”. Here another cryptocurrency was meant – Dogecoin, which was released on December 8, 2021. It was written by Billy Marcus. The name comes from the Internet meme Doge, which featured a Shiba Inu dog. In addition to the post, Elon Musk also changed the description of his account, now it says: “Former CEO of Dogecoin” (rus. “Former CEO of Dogecoin”). Most likely, this can be assessed as a gesture of support for this cryptocurrency.
Dogecoin has risen from $ 0.003940 to $ 0.004643 after published post, according to Coindesk. The price peaked at 6:14 am Moscow time – then the cryptocurrency was trading at a price of $ 0.005413, and at the time of writing the news its price was $ 0.004994.
It’s inevitable pic.twitter.com / eBKnQm6QyF
– Elon Musk (@elonmusk) July 18, 2021
This is not the first time Elon Musk has mentioned Dogecoin on his Twitter. In July 2021, he posted a meme in which Dogecoin is installed over the entire global financial system. And he signed the post with the phrase “It’s inevitable” (rus. “It’s unavoidable”).
On December 17, 2021, Bitcoin crossed the $ 23,000 mark, before that on December 16, its exchange value exceeded $ 20,000.