Bitcoin (BTC) price has reached parity with the US dollar almost ten years ago with Bitcoin currently fluctuating between $32,000 and $34,000.
It has been reported that the price of the cryptocurrency is now the same as that of a Model 3 Tesla, which retails for upwards of $30,000. January 3,
A #bitcoin now buys you a Tesla. So, when will you accept it, @elonmusk? pic.twitter.com/RONfVvH9i1 — Documenting Bitcoin 📄 (@DocumentBitcoin) January 3, 2021
However, institutional players with millions to purchase Bitcoin are also gaining billionaire status only a few days into 2021.
Business intelligence firm MicroStrategy’s Bitcoin bet from August and September is paying off well, with the original $425 million investment now worth more than $1.2 billion at the time of publication.
Likewise, Elon Musk, the CEO of Tesla, is still HODLing his 0.25 BTC, as his crypto portfolio is now worth around $8,100, with Bitcoin’s market capitalization closing in on the car manufacturer’s.
That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings. — Elon Musk (@elonmusk) February 21, 2019
According to data from AssetDash, Bitcoin is now the ninth-largest asset by market cap at $611 billion behind e-commerce giant Alibaba and Tesla.
Meanwhile, according to the Bloomberg billionaire index, the 1,125,150 BTC connected to Satoshi Nakamoto has been valued at much more than $1 billion for some time.
Thus, the current bull run now makes the Bitcoin creator among the top 40 richest people in the world, with his holdings worth around $37 billion, just behind British businessman Len Blavatnik.
Source: Cointelegraph