Whether Bitcoin will end up being a sustainable currency we use to pay for everyday transactions or a fiat currency with no long-term value is still unknown. What is known is that the value has increased dramatically lately — from February 2020 to February 2021, it increased from about $10,000 per Bitcoin to almost $50,000. […]
Tag: cryptocurrency
Bitcoin on Corporate Balance Sheets In September 2020, MicroStrategy (MSTR) became one of the first public companies to redeploy it’s idle cash from short-term government securities to Bitcoin, to the tune of about $425 million. Then in February 2021, Tesla bought $1.5 billion in Bitcoin and announced they were working on a way to accept […]