World's richest man Elon Musk favors bitcoin.

On February 1, musk said in clubhouse, "I'm a supporter of bitcoin. I should have bought it eight years ago. I'm late for this feast."

Tesla bought $1.5 billion of bitcoin in total, and may buy and hold digital assets from time to time for a long time, according to a filing filed with the securities and Exchange Commission on February 8. As soon as the news of Musk's personal "speculation" came out, the price of bitcoin soared again. On the same day, bitcoin rose as high as 18.8%, exceeding 46000 US dollars per coin.

In response, musk tweeted that Tesla's $1.5 billion bet on bitcoin was a "risky enough" investment. "When the effective interest rate on fiat money is negative, only a fool will not look away," he added. Bitcoin is almost as meaningless as fiat money, "but holding bitcoin is slightly better than holding cash, and the subtle difference makes bitcoin a better asset

On February 19, the price of bitcoin continued to record high, with a total market value of more than US $1 trillion.

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