It is not even the middle of January, but interesting events, which we selflessly want to tell you about, have already accumulated. Let’s not deny ourselves the pleasure of sharing the next top with you. But enough words – to the point!
1. The cost of Bitcoin has reached a new record
On January 8, the bitcoin rate set a new all-time high – $ 40,599.3 per coin. Since the beginning of 2021, the first cryptocurrency in the world has risen in price by 40.24%, in monetary terms – by $ 11,649.9.
Traders who expected Bitcoin to fall and held short positions lost almost $ 800 million in just a day. It is worth noting that the digital currency’s price record did not last long. After January 8, the rate began to decline and at the time of preparation of the material was $ 33,340.8, having lost 12.7% per day.
In early January, JPMorgan analysts predicted that in the long term, BTC will rise in price to $ 146 thousand. Their position is based on current statistics, according to which the outflow of investments from gold assets has already reached $ 7 billion, and the inflow to the Grayscale Bitcoin Trust fund is $ 3 billion.
The head of the American division of the Binance exchange, Catherine Coley, shared her opinion that by the end of 2021, bitcoin will cost $ 100 thousand.
But Sonny Singh, the commercial director of the cryptocurrency payment system Bitpay, warns of a high probability of a sharp drop in the rate to $ 20 thousand. In his opinion, institutional investors can start a super-scale sale at any time.
2. Elon Musk became the richest man in the world
On January 8, Tesla jumped nearly 8% to $ 880 per share, leading to a change in the list of the richest people on the planet. Now first place is occupied by Elon Musk, whose fortune, according to Forbes, is estimated at $ 189.7 billion.
The rapid growth of Tesla shares is explained by strong production and sales figures: over the past year, despite the COVID-19 pandemic and the economic crisis, 509.7 thousand electric cars were produced and 499.5 thousand were sold.
Recall that in 2020, Mr. Musk, with his $ 27 billion, barely entered the top 50 richest people in the world. Now he has managed to move Jeff Bezos, who has been at the top of the rankings since 2017. According to Forbes, the founder of Amazon is currently worth $ 185.7 billion.
3. The price of Brent oil exceeded $ 55 for the first time in 11 months
January 8th – yes, we also noticed that it was a very successful day – the value of the March Brent futures contract rose 2.96% to $ 55.99. The last time the oil price exceeded $ 55 per barrel was on February 25 last year.
The rise in prices for raw materials was caused by the recent OPEC + agreement. Recall that on January 5, the oil exporting countries agreed to maintain the total production in February and March of this year at the January level of 22.1 million barrels per day.
According to the latest agreement, in February-March, Kazakhstan and Russia may increase the daily production rate by 10 thousand and 65 thousand barrels, respectively. At the same time, the volume of production in Saudi Arabia will be reduced by 1 million barrels per day.
Summing up the result
We have collected for you the top 3 events that we have already managed to please 2021. It is clear that there was much more news, but we chose only the most interesting: a new record for the bitcoin rate, a change in the leader in the ranking of the richest people in the world and an increase in oil prices.
If you think that we have unfairly ignored more significant events, please list them in the comments below this article. And we will try to highlight them in subsequent publications.