#THE NEXT BIG THING AFTER BITCOIN SERIES#

The bitcoin price has fallen back from its all-time highs of around $65,000 per bitcoin over the.

bitcoin and cryptocurrency exchange Coinbase made its hotly-anticipated market debut but falling back as the hype faded.Ĭlick here to subscribe to Forbes CryptoAsset & Blockchain Advisor MORE FROM FORBES Bitcoin Price Prediction: Why Bitcoin Could Rocket To $400,000 In 2021 By Billy Bambrough However, the bitcoin price has lost around $10,000 per bitcoin since then, a decline of almost 20% despite the likes of office giant WeWork announcing its support of bitcoin and many analysts predicting bitcoin will continue to climb.īitcoin rocketed to an all-time high of almost $65,000 per bitcoin in mid-April, soaring as major U.S. Tesla is 'on a trajectory to make more from its bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020,' Wedbush Securities analyst Daniel Ives estimated in a late February note, putting Tesla's unrealized profits at around $1 billion. The soaring bitcoin price led to reports Tesla could make more from its bitcoin bet than its core car business. Musk has also regularly posted about the tongue-in-cheek meme-based cryptocurrency dogecoin, spurring it on to a mind-blowing $50 billion market cap-though he's previously said his dogecoin posts shouldn't be taken seriously.

#THE NEXT BIG THING AFTER BITCOIN SERIES#

Musk has made a series of cryptic bitcoin and crypto-related Twitter posts in recent weeks, something he also did before Tesla announced its huge bitcoin-buy in early February. Musk's fascination with bitcoin (and other, less serious cryptocurrencies) is also likely to get some airtime on the earnings call, possibly sending shockwaves through the sensitive crypto markets. Register for the Free Forbes Webinar “How to Profit from Bitcoin and Other Crypto Assets Without Owning Them” being held on April 29

The next big thing after bitcoin