Bitcoin: new record at $ 45,000 [BITCOIN] The cryptocurrency star hit an all-time high a day after Tesla’s shocking announcement. The manufacturer has invested the equivalent of 1.5 billion in bitcoin.
It goes up; it goes up; it goes up. Bitcoin broke the symbolic mark of $ 45,000, an amount it had never reached. At the time of this publication, its price is even approaching $ 47,000. The cryptocurrency star market cap is $ 860 billion. The increase comes a day after Tesla announced invested $ 1.5 billion in bitcoin.
To “diversify and maximise its return on investment”, according to an official document. . Elon Musk also indicated that the cryptocurrency star would soon be accepted at Tesla. The American manufacturer is not the first large company to acquire bitcoin. Software publisher MicroStrategy has purchased 70,784 bitcoins, which currently equates to more than $ 3 billion. Jack Dorsey-owned payments company Square also invested the equivalent of $ 50 million in bitcoin in October 2020.
What is bitcoin?
Bitcoin is a virtual currency created in 2009 by an unidentified person whose pseudonym is Satoshi Nakamoto. Unlike conventional currencies (also known as fiat currency), bitcoin is not issued and administered by a banking authority. It is published on the blockchain protocol of the same name. This technology makes it possible to store and transmit information in a transparent, secure manner without a central control body. Bitcoin, like many other cryptocurrencies, is put into circulation through mining. “Miners,” people worldwide perform mathematical calculations with their hardware for the bitcoin network to confirm transactions and increase their security. In exchange, they receive bitcoins. They can then be converted into fiat currency or exchanged for other cryptocurrencies on exchange platforms.
Bitcoin issuance is limited to 21 million units, as provided in the initial code, estimated end at 2140. At the start of 2018, the number of bitcoin issued passed the 17 million mark or 80% of the total. Due to the growing difficulty of calculations, bitcoin is being created at a decreasing rate: 12.5 bitcoins every ten minutes today (compared to 50 bitcoins in 2009). Note that the smallest division of bitcoin is satoshi. 1 satoshi = 0.00000001 bitcoin.
Where to buy bitcoins?
Before buying bitcoin, it’s essential to keep in mind that you shouldn’t invest more than you can afford to lose as with any risky asset. There is no such thing as a bitcoin account as there are bank accounts. To get bitcoins, you have to open an account on a cryptocurrency exchange platform (there are around a hundred today in the world). In general, it is possible to buy them by card or by bank transfer. In France, there are a handful of players: the exchanges Paymium (bitcoin/euro exchange), Zebitex (multi-crypto / euros), Savitar and the brokers Coinhouse and bitcoin. The latter also has a currency exchange office in the 2nd arrondissement of Paris called “Coinhouse Paris Store” (formerly La Maison du bitcoin). But French citizens can buy bitcoins on foreign platforms, like the American Coinbase, which is available in the French language. Some are more ergonomic than others. Commissions also vary from venue to platform. The bitcoin.fr site regularly updates a ranking of media, including listing the number of positive and negative reviews.