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Bitcoin has mostly gone up and to the right for much of its existence, with its price climbing from essentially zero to as high as $60,000 in under a decade. At one point, he owned 5% of all bitcoin in circulation. This move comes on the heels of a major rally which has seen the asset grow over 360% in just the past 4 months. One recent tweet referred to the joke cryptocurrency dogecoin that musk has promoted as having a future in which it wins hands down.. In this future of bitcoin.
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Not only this, but the creation of bitcoin has encouraged more than 1,600 different cryptocurrencies to enter the market to date.
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