The collapse of the value of bitcoin has resulted in a loss of over a billion dollars for traders in the last 24 hours, the bybt service stated. Largest loss per trade was $ 24 million.
The most popular cryptocurrency on the planet on February 20 set a new historical record and broke the mark of 57 thousand dollars per coin. Since the beginning of 2021, Bitcoin has risen in price by more than 90 percent. However, on February 23, the price of bitcoin fell by more than 10 percent in a few hours, to $ 49,169.
This happened against the backdrop of criticism of bitcoin from the deputy chairman of the board of directors of Berkshire Hathaway Charlie Munger and billionaire Rakesh Junjuhunwal, who is called “Indian Warren Buffett”. In particular, Munger said that he would never buy bitcoin, and Junjuhunwal even called for a ban on any cryptocurrency in India.
Over the past day, the cryptocurrency has lost another 12 percent, at the time of the publication of the material, Bitcoin cost 46.4 thousand dollars.
Earlier in February, the founder of Microsoft and one of the richest people in the world, Bill Gates, warned investors against buying bitcoins. “If you have less money than Elon [Musk], you probably need to be careful. Elon has a lot of money and is very advanced, so I don’t worry that his bitcoins will go up and down chaotically,” he said. Gates