Cryptocurrency markets

Bitcoin surpasses $ 40,000 for the first time in two weeks amid words by Tudor Jones and $ 500 million raised by MicroStrategy

Bitcoin surpasses $ 40,000 for the first time in two weeks amid words by Tudor Jones and $ 500 million raised by MicroStrategy
Bitcoin this Monday again surpassed the $ 40,000 level, to which it has not climbed since May 27. At the time of publication, the first cryptocurrency is trading at a three-week high of about $ 40,600. Growth over the last 24 hours was 13%.
Today's price jump occurred against the backdrop of several events. Bitcoin began to rise yesterday, fueled by expectations of the close of the next round of placement of bonds of the MicroStrategy company. Today MicroStrategy reported on the successful collection of $ 500 million in accordance with the previously announced plan. After deducting associated costs, she will invest $ 488 million in bitcoin. Funding was raised against secured bonds maturing in 2028 and an interest rate of 6.125% per annum. With the current value of bitcoin to its position of 92,079 BTC, MicroStrategy will be able to add about 12,000 more coins.
Bitcoin surpasses $ 40,000 for the first time in two weeks amid words by Tudor Jones and $ 500 million raised by MicroStrategy

Bitcoin surpasses $ 40,000 for the first time in two weeks amid words by Tudor Jones and $ 500 million raised by MicroStrategy

Also yesterday, the rise in bitcoin was facilitated by Elon Musk with a comment that Tesla intends to start accepting cryptocurrency again after a significant part of its mining switches to renewable energy. He was joined today by billionaire Paul Tudor Jones, who announced that Bitcoin is appealing to him as a tool to diversify his portfolio.
“Everyone asks me what to do with Bitcoin,” he told CNBC. - All I know for sure is that I want to keep 5% in gold, 5% in bitcoin, 5% in traditional currency, 5% in commodities. I don’t know what to do with the remaining 80% until I see how the Fed behaves. For me, this is the basis for capital protection. Over time, Bitcoin has proven itself to be an excellent diversifier. I see it as a store of value. "
Earlier, Tudor Jones said that he "conservatively" placed 1-2% of his capital in bitcoin.
Currencies are often the biggest sticking point. If the population is convinced that digitization or bitcoinization is in some way a less painful alternative to leaving the monetary union, then this will affect politics around the world.

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