Bitcoin surges 12% to over $40.000 - here’s what you need to know

Bitcoin is on the rise again! Elon Musk Tweeted that Tesla will accept Bitcoin again when “there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend” and billionaire investor Paul Tudor Jones made bullish comments on the crypto asset:

“I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain is that I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities” 

El Salvador also started accepting Bitcoin as legal tender. Prices can now be shown in bitcoin, tax contributions can be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax.

“The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” the law reads.

El Salvador adopts Bitcoin as legal tender

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