Bitcoin, which grew by more than 14% over the past few hours, resumed growth in response to the TESLA statement. The company acquired BTC in the amount of 1.5 billion dollars and is now included in the NASDAQ list with the largest cryptocurrency in their assets.
The consequences of the announcement of Tesla were clearly felt in all crypto industry. The Binance Exchange announced the temporary suspension of the BTC output after approximately 1 hour after the start of the rally.
In parallel with the news of Tesla, the General Director of the Changpen Exchange reported on the "mass" growth of traffic on the BINANCE. Delays occurred on the platform. Since then, the platform has returned to online, and all users have full access to its functions. Zhao did a direct connection between the events, saying that "all this happened because of the Elloon."
The futures market eliminated short positions on BTC in millions. According to Monitor Cryptometer, more than 18,420 BTCs were eliminated on the BINANCE. On Okex, short positions on the BTC in the amount of $ 57 million were eliminated. In total, Cryptometer registers short elimination of BTC in the amount of $ 309.6 million over the past 24 hours.
CEO Cryptoquant Ki-Yong Ji suggested that Tesla could acquire BTC through Coinbase. As shown in the image below, the platform recorded an outflow of 30000 BTC when cryptocurrency ranged about 38,000 dollars. This figure, estimated, acquired the company headed by Ilona Mask, which confirms the thesis that Coinbase Pro played an important role in the institutional implementation of BTC.
Source: https://twitter.com/ki_young_ju/status/1358770952436207622/photo/1.
Effect of pulsation in the adoption of bitcoins
For market browsers, the purchase of Bitcoan Tesla has an obvious origin: General Director of MicroStrategy Michael Sailor. In December, Sailor responded to Twit Ilona Mask about the possibilities of cryptocurrency; He told him that companies can also buy large amounts, and offered him his "instruction".
Since then, there are rumors that Sailor, perhaps shared a strategy that Microstrategy used to buy bitcoins with a mask. To this end, it was previously reported, Sailor and his company recently held the Bitcoin Conference for the Corporation, in which more than 8,000 managers from 6900 different companies took part. Among them was the treasurer Spacex Richard Lee.
Lee participation in the MicroStrategy event led to the assumption that Spacex also considers the possibility of buying bitcoins. This is one of the many assumptions of the community about the release of new companies to the cryptocurrency market. The founder of Messari Crypto Ryan Selkis believes that the next can become Apple.
Does Apple's Tesla, Google or another gigant will go on footsteps, is still unknown. Meanwhile, CSO Coinshare Meltem Demirors said that the company became more risky not to buy bitcoins. Demirorsa believes that after companies, banks will be the following organizations that will buy bitcoins, and ultimately national states.
Thus, Ilon Mask could be right in his recent prediction: "Looking back, it was inevitable."