CCTV Finance: Tesla invests in Bitcoin, book profits exceed car sales revenue

     

On the evening of February 21, CCTV reported on Bitcoin again, claiming that Bitcoin hit another record high, breaking through $57,000, an increase of more than 1300% in less than a year, and more and more institutions publicly announced that they would use Bitcoin as an asset allocation. Bitcoin ended 2020 at just under $29,000 after gaining more than 300% over the past 12 months. In less than two months in 2021, the price of Bitcoin has almost doubled, with an increase of 95.4%.

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BTC/USDT weekly chart

Tesla ignited the current rally in bitcoin prices at the beginning of the month when it announced that it had purchased $1.5 billion in cryptocurrency, sparking a round of "who's next?" speculation. Analysts pointed out that Tesla's last Last month, it made nearly $1 billion in paper profits through Bitcoin, which has exceeded the proceeds from the sale of electric cars last year.

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As of February 22, 23 companies around the world publicly held a total of 1,323,800 bitcoinshttps://bitcointreasuries.org/