The world’s No. 1 cryptocurrency hit a record high on Friday, propelling it to a market value above $1 trillion for the first time ever.
Meanwhile, the S&P 500 index SPX, +0.39% is looking at a year-to-date gain of 4.5%, the Dow Jones Industrial Average DJIA, +0.40% is up 3.3% and the Nasdaq Composite Index COMP, +0.85% is looking at a gain thus far in the year of over 8%. Late Thursday, Musk via a tweet, further explained his rationale for getting exposure to bitcoins, describing the decision as “simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company.”
At this point it’s probably safe to buy a little bit of bitcoin
History in Trading industry! 😬
$BTC 💹💹💹💹💹🪙🪙🪙🪙🪙🤑🤑🤑🤑🤑🤑🤑🤑
dogearmy
I can't figure out for the life of me how this works; and I don't know what the cost of ONE bitcoin is; but it is up $1 trillion dollars? Or, how many bitcoins do you need to have a value of $1 trillion dollars?
Is that for just one bitcoin? What does one bitcoin cost?