Crypto Bitcoin Cryptocurrency Update Tesla Mastercard Jay-Z Twitter $23 Million Bitcoin Investment

Here’s your crypto, bitcoin, and cryptocurrencies update for Saturday, February 13th, 2021. ELON MUSK, Jay-Z, Twitter WOW $1.5 Billion

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Twitter CEO Jack Dorsey is teaming up with rapper and mogul Jay-Z to create a bitcoin development fund focused on providing financial relief to Africa and India.

According to CNN: “Dorsey and Jay Z are investing 500 bitcoin into the project, currently worth roughly $23 million.”

Dorsey is no stranger to cryptocurrency, as his company Square bought 4,709 bitcoins ($50 million) last year, and in 2019 created Square Crypto, which awards grants to bitcoin developers and designers.

It’s great to see crypto and bitcoin being put to good use, and I hope that more efforts like these will be created in the near future.

Meanwhile, a recent article lays out just how much money you could have made if you invested a measly $100 into bitcoins back in 2010.

Back in October 2010, the price of 1 bitcoin was 10 cents, meaning that you could have purchased 1,000 bitcoins for a $100 investment.

If you held onto those bitcoins and decided to cash out today with the price of 1 bitcoin around $48,000, you would have $48 million.

While there’s nothing you can do about it now, it’s crazy to see just how high this cryptocurrency has been able to climb in just over a decade.

Finally, some of the biggest companies in the world are not only joining the crypto space, but are diving deep into bitcoins and other cryptocurrencies.

Tesla announced that they purchased $1.5 billion worth of bitcoin to ensure “more flexibility to further diversify and maximize returns on our cash.”

Mastercard announced its plan to give merchants the option to receive payments in cryptocurrency by the end of 2021.

Plus, PayPal also announced today that it is considering adding cryptocurrency as a payment option through Venmo.

With so many major companies making the switch to or offering crypto services, the future has never been so bright for bitcoin, litecoin, dogecoin and every other crypto currently on the blockchain.

Source: https://www.cnn.com/2021/02/12/business/bitcoin-jack-dorsey-jay-z/index.html

https://www.cnbc.com/2021/02/12/how-much-youd-have-today-if-you-invested-100-in-bitcoin-in-2009.html

https://apple.news/AOW912z56SuCS0U3ssa24MA

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