and TESLA is now about 30% from its ATH:
And bitcoin is diving...
TESLA (orange) vs BTC (blue) in last few days:
Topic: Tesla Bought 1.5 Billion in Bitcoin! (Read 668 times)
Not so long ago I said we should be concerned about TESLA stocks performance as it may affect bitcoin price,
and TESLA is now about 30% from its ATH:
And bitcoin is diving...
TESLA (orange) vs BTC (blue) in last few days:
and TESLA is now about 30% from its ATH:
And bitcoin is diving...
TESLA (orange) vs BTC (blue) in last few days:
Of course, we all saw the news that Tesla bought bitcoin for $ 1.5 billion, and this affected the rate of cryptocurrencies. Bitcoin reached another high, but also a few days ago, Bitcoin simultaneously began to decline in value and Tesla shares lost almost 25% in value. Is there any pattern in this or is it a coincidence?
Elon Musk is not only a good troll but he is a proven smart investor as now it's confirmed that Tesla bought 1.5 Billion in Bitcoin, and they even plan to accept Bitcoin as a form of payment soon!
SEC filing confirmation:
https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm
Good news to care about. Of course, Tesla and Elon were already key components of bitcoin and cryptotocurrency. Because of the influence, reputation, and value they have in bitcoin. They will certainly buy and collect many of the same Bitcoins as MicroStrategy. SEC filing confirmation:
Quote
"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity," reads the filing. "As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds, and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term."
https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm
However, it will be difficult to track, when will they buy and what will be the right price for them? at high volatility in recent corrections. I thought they bought it, but a little was possible.
Its a great step by such a great company.How it will feel when the enormous companies that have bought Bitcoin offer their resources.May be rising market is much more regrettable than the past year. But that's all as it were a little plausibility, since right presently I am sure that it'll still have an indeed more important esteem. Since numerous individuals are mindful, that the as it were speculation that can battle the keeping money framework is Bitcoin, so Tesla is as it were a gather of companies that have taken an critical portion of the up and coming financial revolutions.
When the richest person in the world buying bitcoin in big amount it will really have a very significant impact on the future of bitcoin.
After this news, bitcoin price will keep rising and the another alts who really have a quality and good development gonna be rise too.
After this news, bitcoin price will keep rising and the another alts who really have a quality and good development gonna be rise too.
I don't like these billionaires and millionaires coming into our market either because the microstrategy owner has purchased bulk amount of BTC and whales are never a good thing for Bitcoin and this is exactly what's happening now.
Even before those institutions started to invest in bitcoin, there are anonymous whales that hold a big amount of bitcoin that can greatly affect the price if they dump.
For me with those big institutions that entered the world of cryptocurrency, the price could be more stable and won't dump that easily. The huge correction that happened way back 2018 is not likely to happen again. Like when Tesla bought $1.5b worth of bitcoin, until now it didn't go below $40k.
I don't like these billionaires and millionaires coming into our market either because the microstrategy owner has purchased bulk amount of BTC and whales are never a good thing for Bitcoin and this is exactly what's happening now.
There are two things that are "bad" for crypto world that should scare everyone that big investors are coming in. One of them is the fact that rich people are rich in the fiat world and they are getting into bitcoin as well and becoming rich in bitcoin as well so that makes sure that we are not rich in crypto and we are not rich in fiat, so we are staying poor in everything in the world which causes to not allow wealth gap to ever close if rich people keep getting into crypto. That is the number one risk of rich people going into crypto.If you only own satoshis then sure it's not good, and you may have missed the opportunity to get whole Bitcoins. If you already own whole Bitcoins however, and the richest person on the planet owns say 100000BTC, that means you have at least 1/100000 of the wealth of the richest person. If we take the richest person in fiat, Jeff Bezos, or Elon Musk these days, so about 200 billion dollars, if you had 1/100000 of that, you'd have 2 million dollars, not bad don't you think ?
I don't like these billionaires and millionaires coming into our market either because the microstrategy owner has purchased bulk amount of BTC and whales are never a good thing for Bitcoin and this is exactly what's happening now.
There are two things that are "bad" for crypto world that should scare everyone that big investors are coming in. One of them is the fact that rich people are rich in the fiat world and they are getting into bitcoin as well and becoming rich in bitcoin as well so that makes sure that we are not rich in crypto and we are not rich in fiat, so we are staying poor in everything in the world which causes to not allow wealth gap to ever close if rich people keep getting into crypto. That is the number one risk of rich people going into crypto.Secondly, if rich people buy thousand upon thousands of bitcoins and hold it, that is not really "that" bad, at least they realize that it is a good thing, however if someone sells tens of thousands of bitcoin that would destroy the price in an hour, these places have that power to destroy the market with one click and that is scary.
2 Years ago, I said that managers of concrete businesses can easily success by the movements like this, they can plan their strategical or tactical plans easier than before , therefore their competitiveness will be on the higher level than others. That can be a very good example for another companies like Ebay, Volvo, Amazon, etc. So process like this is very good for growing popularity and truth.
On the other case, buying btc of tesla is considered by many to be a calculated choice of tesla, I don't know if the amount above is btc what the tax law will be, and it seems like this could be a way for them to reduce taxes. And this will be an effect for many large corporations to enter this market, new money will continuously be poured into the market if the situation I assume is correct and occurs.
And Elon Musk is really infinity!
And Elon Musk is really infinity!
This time gonna be different than our "usual" cycle of crypto pump and dump like never before. So many adoption that crypto got, the higher chance of bullrun gonna goes on and continuing until the price well above $50K.
Now the current price is even at $48K which means $50K gonna be a piece of cake as long as the good news always coming.
Indeed and Tesla is one of the biggest carmaker company and them accepting Bitcoins payments means a lot and also Elon being so vocal and positive about crypto is a great sign for all the crypto investors and our community as a whole. I would wish a day comes when Elon comes here and do some discussion with us community because I already feel like he is more attached to bitcoins than we thought.Now the current price is even at $48K which means $50K gonna be a piece of cake as long as the good news always coming.
Some of his moves are poor like pumping dogecoin because that is something John McAfee used to do as he was paid to promote some shit coins. Good thing is he isn't promoting any ICO but promoting dogecoins might turn out dirty at the end, I have a feeling.
If the price is gonna go beyond $50K it will remembered like the Elon-Tesla pump. For a sustainable market I do hope we don't have to rely on these announcements to keep going though. Luckily there are many institutionals player ready to invest in bitcoin and adding more small portofolio % to it will keep the train moving.
This is a paradigm shift, the market has changed so much in less than a year.
I don't like these billionaires and millionaires coming into our market either because the microstrategy owner has purchased bulk amount of BTC and whales are never a good thing for Bitcoin and this is exactly what's happening now.This is a paradigm shift, the market has changed so much in less than a year.
Yes they bought 1.5 billion worth of bitcoin and that result for the bitcoin to go back again for the 40k dollars.
I really believe that they have purposes on investing to the bitcoin and I hope their purpose is good and everyone will gets benefits not for their own sake. In the past few months celebrities and rich people are investing to the bitcoin that cause for the new ATH happen.
In this year 2021 suddenly all the big investors are getting into Bitcoins like I mentioned microstrategy ceo Saylor is buying big amount and there are hundreds of other big guys coming into the market. I have no problem big guys promoting or buying bitcoins but all of this is happening suddenly and big amounts are being stored by them which is something I don't like. I really believe that they have purposes on investing to the bitcoin and I hope their purpose is good and everyone will gets benefits not for their own sake. In the past few months celebrities and rich people are investing to the bitcoin that cause for the new ATH happen.
That investment is very huge and when they will be cashing out they will cashing out really big. He’s definitely a smart investor, because with the way things has been going, this is going to push it further and a lot of people will start investing in the market at this time, and it wouldn’t be just individuals, by doing this they are pulling the interest of other businesses too who will now start to invest in Bitcoin and other cryptocurrencies.
As the market starts growing from there, Tesla’s net worth will grow from there. That’s a really smart move that he has really taken.
First of all Elon is wealthy and well-known investor. All smart investors bought BTC 5-7 years ago and hodl it. Nowadays, when Tesla spent 1.5 billion dollars on BTC it basically made a huge advertisement to Bitcoin and inspired others to invest in crypto.As the market starts growing from there, Tesla’s net worth will grow from there. That’s a really smart move that he has really taken.
His knowledge and passion to techbological advancement is only rivaled by his boss attitude and his "Small Brain Moment" on the internet, like in the case of the DOGE Shill where millions of people all around the world bought DOGE just because Elon tweeted about it. The guy had a comprehensive list of trolling people out of their minds and money, yet his position and his God Status over the internet allowed him to fool newbies, too bad.
If the price is gonna go beyond $50K it will remembered like the Elon-Tesla pump. For a sustainable market I do hope we don't have to rely on these announcements to keep going though. Luckily there are many institutionals player ready to invest in bitcoin and adding more small portofolio % to it will keep the train moving.
This is a paradigm shift, the market has changed so much in less than a year.
Definitely, just hoping they have something in store to mark this milestone and make it a remarkable one for the most of us. This is a paradigm shift, the market has changed so much in less than a year.
If the price is gonna go beyond $50K it will remembered like the Elon-Tesla pump. For a sustainable market I do hope we don't have to rely on these announcements to keep going though. Luckily there are many institutionals player ready to invest in bitcoin and adding more small portofolio % to it will keep the train moving.
This is a paradigm shift, the market has changed so much in less than a year.
This is a paradigm shift, the market has changed so much in less than a year.
What? Elon musk really hypes things up like what he did on Dogecoin. I've recently checked the price value of bitcoin, it's now already 46k USD, can't believe it'll resist more. I thought the bull run is over and expecting the collection soon but it still growing bigger. I know that it already resisted for an ATH of 40k USD due to halving and without the investments of Tesla but this investment is currently helping it to grow more. Many people are now praising him for what he did in the crypto community, well, the profit I earned recently was because of him so thanks to him.
This time gonna be different than our "usual" cycle of crypto pump and dump like never before. So many adoption that crypto got, the higher chance of bullrun gonna goes on and continuing until the price well above $50K.
Now the current price is even at $48K which means $50K gonna be a piece of cake as long as the good news always coming.
Elon Musk is not only a good troll but he is a proven smart investor as now it's confirmed that Tesla bought 1.5 Billion in Bitcoin, and they even plan to accept Bitcoin as a form of payment soon!
First of all, I like the fact that they have invested in Bitcoin, at least the market will start growing from here, and like Changpeng Zhao said, would you to be before or after them? From the series of tweets you have posted here, it made it seem to me like they just want to pump and dump so they can increase their net worth.I just don’t know, why I am saying this is because of the tweet that told him that if he invests in Bitcoin they can increase their net worth to a trillion dollars, and he, Elon Musk, replied that comment. So does that mean that is motive for investing? Well, whatever. I’m still good with it, Since it’s helping the market.
Except he doesn't support both. He's a troll and he's undoubtedly gotten people burned by hyping Doge because he thinks it's funny. He's said Doge is a joke but there are far too many people who see memes like Doge and GME and diamond hands and that's their investment thesis. Those people definitely earn their losses.
Your statement doesn't make any sense. A lot of people are hyping DOGE right now, because they think it is funny. But that is not the case with Bitcoin. And how can you say that Elon is not supporting Bitcoin, when Tesla has gone ahead with the huge $1.5 billion investment (and in their official statement Tesla has indicated that they may make similar purchases in the future as well). On top of that, Tesla has made it clear that they will soon accept Bitcoin as a mode of payment.
My statement is written in plain English, if you can't understand it then you should probably re-read it. It's not complicated. Your response has absolutely nothing to do with what I said.
Here's a recap:
Me: Elon is a troll who has gotten people burned by hyping Doge.
You: HoW cAn YoU sAy ElOn dOesN'T sUpPoRt BiTcOiN?
Answer: I didn't, you just made that up.
Funny how he did this after shilling DOGE in his twitter. Nevertheless, this only earned him the praise of the Reddit Community who already sees him as the Tony Stark of this Generation, not understanding that the guy is literally memeing all this time.
Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
The reason is obvious to me : Tesla stock's value doesn't make sense, so if he backs it with BTC, that could reasonably go up 10 fold or more, then that helps Tesla's valuation a bit. And at the same time, that excites the same "Tesla fanatics" to buy even more Tesla stock. I wouldn't be surprised if as Tesla's valuation continues to grow (if it does), it buys more BTC.
This is a substantial amount. I can say that Elon Musk has helped crypto money a lot these days. But this will necessarily have harmful points. I'm expecting a hard fall. Need to be careful.
Well, it is almost the same as what I have read in most articles recently, --be careful of the possible pullback.Elon Musk is one of the most influential people in the crypto space, if he will throw and negative feedback on bitcoin perhaps it has an effect and t seems now he is most likely manipulating the market. Once institutional investors will sell their bitcoin that invested, it surely has a pullback.
However, I am more curious why bitcoin does not have an effect of price falling when the Nigerian government banning bitcoin in their country. Perhaps, they are a small community of bitcoin enthusiasts.
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
His influence recently in cryprocurrency should call for caution, World richest man now messing with crpytocurrency with tweets. We now need more than the usually cryptocurrency influencers to fondle with the price. Sadly no way to verify his purchase that pump bitocin, especially for someone that pump low lying coin Doge twice in recent days with just tweets. 
That investment is very huge and when they will be cashing out they will cashing out really big. He’s definitely a smart investor, because with the way things has been going, this is going to push it further and a lot of people will start investing in the market at this time, and it wouldn’t be just individuals, by doing this they are pulling the interest of other businesses too who will now start to invest in Bitcoin and other cryptocurrencies.
As the market starts growing from there, Tesla’s net worth will grow from there. That’s a really smart move that he has really taken.
As the market starts growing from there, Tesla’s net worth will grow from there. That’s a really smart move that he has really taken.
I'm expecting a hard fall. Need to be careful.
Michael Ross-Johnson, CEO of the cryptocurrency p2p platform Chatex, spoke recently that bitcoin may be threatened by a fall in price. If institutional investors suddenly start exiting the asset, this will most likely trigger a correction in the cryptocurrency market. With such a huge increase in the price of bitcoin, the interests of regulators are likely to grow even more, which thereby can push investors to take profits and exit the cryptocurrency.
An interesting statement by Michael Ross-Johnson that: "such a speculative growth (not based on real economic indicators, but occurring only on the excitement around a famous person) cannot but lead to a sharp drop in the asset." https://life.ru/p/1367296
And this cannot but cause concern.
This is a substantial amount. I can say that Elon Musk has helped crypto money a lot these days. But this will necessarily have harmful points. I'm expecting a hard fall. Need to be careful.
maybe It's the Pride that Hindering Amazon to to move in because in the past they have been denying face to face the acceptance and adoption of Bitcoin so this may the hinder now of them accepting the currency while Paypal and Visa is already inside.
But for sure this won't take long before happening because Business is more comfortable if the indemand online payments will be on their list like Bitcoin and other legit altcoins.
I am not sure if its pride, I am pretty sure it is got to do with a lot of paperwork and business meetings before you can do something like this. Of course there could be a lot of shareholders who do not want it to happen, there is a board that decides these things and if the majority says no they have to follow that, but I never seen Jeff bezos say anything decent about bitcoin or anything else neither.But for sure this won't take long before happening because Business is more comfortable if the indemand online payments will be on their list like Bitcoin and other legit altcoins.
Elon on the other hand has been in favor of bitcoin for a very long time and he has supported it, and finally they managed to put some money in it as well, not like this was an overnight decision by them neither. So, this means if amazon ends up accepting bitcoin as payment (which is not ideal, it costs a lot and takes a long time to have 6 confirmations) that means they are going to first decide that and implementing still will take some time.
What? Elon musk really hypes things up like what he did on Dogecoin. I've recently checked the price value of bitcoin, it's now already 46k USD, can't believe it'll resist more. I thought the bull run is over and expecting the collection soon but it still growing bigger. I know that it already resisted for an ATH of 40k USD due to halving and without the investments of Tesla but this investment is currently helping it to grow more. Many people are now praising him for what he did in the crypto community, well, the profit I earned recently was because of him so thanks to him.
I have to agree with your post. Some of the cryptocurrency users have a habit of finding something to blame with each and everything. Now they are after PayPal and Elon Musk. I am not a big fan of PayPal and I don't have an account with them right now (my PayPal account is inactive). But at the same time, I can't ignore the fact that the bull run, which took Bitcoin from $10,000 to $40,000 was because of the adoption by PayPal.
Same with Elon as well. Tesla is the first corporation to convert some of their reserve cash to Bitcoin. This has caused another rally in Bitcoin prices, resulting in the exchange rates going up by almost 50%. Long term investors like me are benefiting from these rallies. It is time to thank Tesla and PayPal for all the profits. I don't want to be ungrateful by blaming them for non-issues. I guess people who are blaming them want to crash the price of Bitcoin, so that they can accumulate BTC at low prices.
What? Elon musk really hypes things up like what he did on Dogecoin. I've recently checked the price value of bitcoin, it's now already 46k USD, can't believe it'll resist more. I thought the bull run is over and expecting the collection soon but it still growing bigger. I know that it already resisted for an ATH of 40k USD due to halving and without the investments of Tesla but this investment is currently helping it to grow more. Many people are now praising him for what he did in the crypto community, well, the profit I earned recently was because of him so thanks to him.
Surely in the future, we will see even more large companies wanting to buy bitcoin. Tesla has undoubtedly set a good example for investors. What matters is a comment that they plan to accept Bitcoin as payment for their products. But the company has no plans to convert the received bitcoins into fiat currency.
An article was released yesterday that Charlie Lee believes this is an important moment when society can abandon traditional payment methods, thereby further bringing the widespread adoption of bitcoin closer.
https://www.worldstockmarket.net/litecoin-founder-companies-will-start-buying-bitcoin-after-tesla/
An article was released yesterday that Charlie Lee believes this is an important moment when society can abandon traditional payment methods, thereby further bringing the widespread adoption of bitcoin closer.
https://www.worldstockmarket.net/litecoin-founder-companies-will-start-buying-bitcoin-after-tesla/
Price increase on bitcoin is mostly due to the number of famous investors trying to get in to bitcoin which have been followed by small time investors to be able for them to get their profit especially those who deals with short term investors. undoubtedly, bitcoin may have a chance to reach the 50k$ mark anytime soon if this uptrend continues especially that the new ATH have reached 48k$. Currently, we may be seeing bitcoin to be stable at the price range of 40-45k$ and I don't even know when the price correction will ever happen.
Even without Tesla, Bitcoin managed to reach $42,000. The bull run from $10,000 to $42,000 was attributed mostly to PayPal adoption of cryptocurrency. Now the news about Tesla is even bigger than that from PayPal and I'm quite surprised that the 50K level is not breached as of yet. I would expect the prices to touch six digits, solely from the investment by Tesla and the surrounding hype.
Maybe this is the reason of the recent Bump when the value had reached another ATH 48,000$ price days ago.
But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
unmistakably, even I feel that a higher rise will also occur. I think some big companies will also follow in Elon Musk's footsteps to look to cryptocurrency.But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
although the sudden increase could not reach the price of $ 50k, but I think the potential in the future is still very large to achieve that.
This year's uptrend is driven by peripheral conditions for a series of market highs. Not only Elon Musk, tesla, but also the great entrepreneurs and retail investors flocking to bitcoin like Grayscale,Micro Strategy ... Surely, they had good reasons to see that after covid19, blockchain and bitcoin really becomes the future to revive the new economy. Their policy has really changed. that's what we expect.
It's not surpricing that they buy bitcoin because they are the billioner and i think it's good that they adapt bitcoin for tesla.It will be more easy to them to used bitcoin as transaction payment specially noe hat we are pandemic situation.Hopefully they not using bitcoin for something purposes.
Maybe this is the reason of the recent Bump when the value had reached another ATH 48,000$ price days ago.
But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
unmistakably, even I feel that a higher rise will also occur. I think some big companies will also follow in Elon Musk's footsteps to look to cryptocurrency.But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
although the sudden increase could not reach the price of $ 50k, but I think the potential in the future is still very large to achieve that.
This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.
After Bitcoin Doubling the ATH of 2017 ? sure those businessman are now confirmed that this market is is legit and will surely a Place where the investment is more safer than any market at all.Quote
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
We can't tell that these are true because it can be a coincidence or small fraction that turns out.Quote
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
Amazon? or Giant banks? who knows.Im calling Amazon Pay wlll soon enter the space, they have to,
Rivals Paypal and Visa are already here in their own capacities.
They wont want to get left behind!
But for sure this won't take long before happening because Business is more comfortable if the indemand online payments will be on their list like Bitcoin and other legit altcoins.
Maybe this is the reason of the recent Bump when the value had reached another ATH 48,000$ price days ago.
But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
But looks like it subside just after 2 days of climbing
Now that the Value stays comfortable at 44-45,000$ and this would be the value until for the next days as again failed to break the awaited 50,000 target. .
Except he doesn't support both. He's a troll and he's undoubtedly gotten people burned by hyping Doge because he thinks it's funny. He's said Doge is a joke but there are far too many people who see memes like Doge and GME and diamond hands and that's their investment thesis. Those people definitely earn their losses.
Your statement doesn't make any sense. A lot of people are hyping DOGE right now, because they think it is funny. But that is not the case with Bitcoin. And how can you say that Elon is not supporting Bitcoin, when Tesla has gone ahead with the huge $1.5 billion investment (and in their official statement Tesla has indicated that they may make similar purchases in the future as well). On top of that, Tesla has made it clear that they will soon accept Bitcoin as a mode of payment.
Funny how he did this after shilling DOGE in his twitter. Nevertheless, this only earned him the praise of the Reddit Community who already sees him as the Tony Stark of this Generation, not understanding that the guy is literally memeing all this time.
Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
The world of big business is ruthless and will calmly crush any idealist and altruist, so you should always take off your rose-colored glasses and try to see quite prosaic things in all events, because all good wishes should have a strong economic basis and a banal calculation. The purchase of bitcoin by Elon Musk's company and all his tweets about cryptocurrencies are from this series. Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
Funny how he did this after shilling DOGE in his twitter. Nevertheless, this only earned him the praise of the Reddit Community who already sees him as the Tony Stark of this Generation, not understanding that the guy is literally memeing all this time.
Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
Now in the case of this 1.5 Billion Dollar bitcoin purchase, one can easily he's a visionary and saw great future for bitcoin, which I think is true. But I can also see him building or already mobilizing an ulterior motive which may not be as altruistic as most people think it is.
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Elon can support both you know that, its just that bitcoin is a far better investment at this moment. This will be a big move for Tesla, I would place my bet on the part where they would get their stock price more higher. Who should be the role model to follow then? I mean I don't know any one, almost every businessman that is famous that I know of is either private for their lives or straight up scummy, the best move is to not look at it emotionally, if this can make stocks and bitcoin go higher then we should just go for it, let it on the right ear and get out of the right, in fact, don't even listen what this billionaires says about everything online because most of the time it is probably a publicity stunt.Except he doesn't support both. He's a troll and he's undoubtedly gotten people burned by hyping Doge because he thinks it's funny. He's said Doge is a joke but there are far too many people who see memes like Doge and GME and diamond hands and that's their investment thesis. Those people definitely earn their losses.
Can you imagine?
I can also imagine that Bitcoin is going much higher than it is now and Elon Musk is not so stupid to throw away 1.5 billions like that.And so what if Bitcoin drops again, some people are looking more long term, so don't worry so much about their sake, their earned a lot from their own Tesla pump.
Yeah, that's somehow right, no one will waste his money for something that is a uncertain if he doesn't believe on it.
I know that there are people who are saying that Elon Musk is a troll especially in the internet but we also consider that he will not become a successful person if he is not economic wise.
Bitcoin proved to us that it can do something about its price and I know that's the reason why Elon Musk invested $1.5 billion for it.
In my opinion Elon Musk is a person who will change the world. I am sure that many people will use Tesla car in the future. He seems like always see the future, maybe he see that bitcoin will be more acceptable and used by more people in the future so if he buy bitcoin now then he will have a lot of profit in the future. The world always change according the development of technology.
Agreed. For almost two decades, Bill Gates was the richest person in the world. But in terms of influence, he was far behind some of the other billionaires. But that is not the case with Elon Musk, as he is being associated with future innovation. A lot of people (and even corporations) closely follow what he does, and that is why his actions are having such a big impact on the market. Elon has grown much beyond Tesla and Space X. I won't be surprised if sometime in the future he becomes the first trillionaire in recorded history. Mark my words, it may happen. And you read it here first.
In my opinion Elon Musk is a person who will change the world. I am sure that many people will use Tesla car in the future. He seems like always see the future, maybe he see that bitcoin will be more acceptable and used by more people in the future so if he buy bitcoin now then he will have a lot of profit in the future. The world always change according the development of technology.
Elon musk deliver yet another revolutionary move as he piles in $1.5 billion dollars into bitcoin. This is the cue, first institutionalisation now commercial adoption, mass adoption is really coming together!
Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.
Definitely a bad news for those his followers who always rush to buy dogecoin each time he tweets about it,Elon is a smart investor after advertising dogecoin multiple times he went ahead to invest in bitcoin, it's really funny how people fomo and buy the dogecoin each time he tweet anything related to it, I bet alot of them have lost their money after rushing to buying tha dogecoin, this should serve as a lesson to that they shouldn't always rush to buy to cryptocurrency each time a public figure talks about it. It's people fault for jumping in and going all-in, they should know that Doge is nothing but a meme, how come Tesla would put his money into something which has no real use-case. Everyone was shocked about what Tesla did since some are starting to get ready for the upcoming Chinese New Year dump, but I guess it will not happen this time, I hope.
Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.
Definitely a bad news for those his followers who always rush to buy dogecoin each time he tweets about it,Elon is a smart investor after advertising dogecoin multiple times he went ahead to invest in bitcoin, it's really funny how people fomo and buy the dogecoin each time he tweet anything related to it, I bet alot of them have lost their money after rushing to buying tha dogecoin, this should serve as a lesson to that they shouldn't always rush to buy to cryptocurrency each time a public figure talks about it. 
Thats a huge btc buying and the reason of the sudden surge of price for bitcoin. This company has an influence to make a change, its a good move for them to finally accept bitcoin it can really have a positive impact to bitcoin (and crypto in general) to become widely known and gain many users and investors.
I will not be surprise if other companies follow the move of Tesla. But I hope they wont be engaging just because we are in bull season. If they dump their btc it will create a big impact to the market and small invertors are one of greatly affected.
I will not be surprise if other companies follow the move of Tesla. But I hope they wont be engaging just because we are in bull season. If they dump their btc it will create a big impact to the market and small invertors are one of greatly affected.
Earlier I was a bit skeptical that corporates buying bitcoin will actually create a havoc sort of situation as there is already a very limited supply and you just can't beat these corporates when they come in to pump the price. But now after Tesla has brought it I am a bit calm. It's because despite spending a whopping 1.5 Billion$ it could only buy 0.2% of the total supply. Now if other companies have to enter the arena they will be spending a much higher amount than this and this number will obviously keep on rising each day if more potential investors enter the arena so it's definitely not possible for corporates to control bitcoin obviously until they get around 10% of the supply and decide to make a cartel with each other which is almost impossible.
This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
I was already buying bitcoin and holding it way before this happened and I am not going to change that now just because Elon got in but I think it is not "that" shocking. Do not think Elon Musk buying bitcoin as something that is great for bitcoin, think of it like it is something great for Elon Musk himself.Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
I don't know if I was capable of explaining what I mean, I mean that bitcoin is already great, it is great with or without Elon Musk in it, there is no doubt that bitcoin would have been great without Elon Musk ever talking about it, go back to a year ago and you will see for a whole year Elon didn't talked about it and we reached from 7k start of 2020 to 41k+ in early 2021 so as you can see bitcoin is more than capable of being awesome all by itself. So, what I am trying to say here exactly is that Elon did something great by buying bitcoin, that is a lot better for him compared to staying in fiat.
As a big company, Tesla invites the other big companies to follow their step to invest in cryptocurrency, especially to invest in bitcoin. But Tesla's announcement is smart because they announce when the price is more than $40k, making them make a big profit if the other big companies follow them. But it is good news for cryptocurrency, especially for bitcoin, because that can make the mass adoption come soon, and if the other big companies really invest in bitcoin, they will announce it as Tesla did. If so, this year will be another good year for cryptocurrency to reach more people out there to invest in crypto. This time, Tesla success to make a crowd in the crypto world.
If they will accept bitcoin as a payment then it would be great because this would be a mass adaption for the people who doesn't know about bitcoin. Due to this buying of around 1.5B it will shakes the world and Elon will open a new gate that people will also support bitcoin. This news was really a shocking news because many people didn't know that Elon will really support bitcoin because they know that Elon is trolling sometimes.
I also just thought that Elon Musk was a troll but in fact he did not make a new breakthrough in the industry by announcing that Tesla has invested in bitcoin with a large amount of value, now the news is on the scene that the big companies in the world have accepted bitcoin as a new adaptation. forward.I am sure crypto investors will be so confident with this news because with this news bitcoin has increased quite a bit, indicating that with an investment of 1.5B this can affect the entire crypto industry.
With Elon Musk's previous tweets is code that his company has bought him in bitcoin.
I think the $1.5 Billion Bitcoin buy is not the best news, but rather the fact that they are saying that they might start accepting Bitcoin as a payment option. A lot of people want Bitcoin to be used as a "Currency" and not as a "Commodity" ...so this will be welcome news for them.
The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)
The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)
The fact is, Bitcoin is made a commodity not as a currency. Even in my country Bitcoin is banned if it is used as currency and is only legalized as a commodity. We can also see data that the Bitcoin circulation circulating in the market is only a fraction of the total that already exists. Isn't this very clear, someday when they don't think of Bitcoin as a valuable commodity they will just throw it away and cause Bitcoin price collapse.
I think Elon Musk does this for a reason, more than once there has been information that he is somehow connected with one of the cryptocurrencies-doge, there has never been confirmation of this, but he does not swing the cryptocurrency market from side to side only knows how, but also loves)
I am sure he has his reasons, as I am sure that we can't even imagine what he is trying to accomplish! I am not even sure is it possible that after his adding Bitcoin in his biography can affect price to rise +10% in just an hour or less, like I am not sure now did he really bought these Bitcoins, or it's just a marketing... he could buy them months, or years ago... it's not like he doesn't have money for that!
Well whatever it is, and it can be literally anything, it's a good marketing for Bitcoin and the entire crypto market!
I think the $1.5 Billion Bitcoin buy is not the best news, but rather the fact that they are saying that they might start accepting Bitcoin as a payment option. A lot of people want Bitcoin to be used as a "Currency" and not as a "Commodity" ...so this will be welcome news for them.
The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)
PayPal has also bought a lot of bitcoins and they are planning to open up their merchant network to Bitcoin payment.. so time will tell, if this will have a significant impact in the future.
The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)
PayPal has also bought a lot of bitcoins and they are planning to open up their merchant network to Bitcoin payment.. so time will tell, if this will have a significant impact in the future.
This bull cycle will enter history as the time when big investors started looking at Bitcoin seriously. In 2014 the market belonged to retailers. In 2017 it was mostly the same, as no company or institution publicly admitted to buying Bitcoin. So, it took us 12 years from Bitcoin's creation to beginning of mainstream recognition.
It's hard to predict how many more institutional investors will join during this cycle, but it's clear now that the process has started and sooner or later more big names will join.
It's hard to predict how many more institutional investors will join during this cycle, but it's clear now that the process has started and sooner or later more big names will join.
This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.
After Bitcoin Doubling the ATH of 2017 ? sure those businessman are now confirmed that this market is is legit and will surely a Place where the investment is more safer than any market at all.Quote
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
We can't tell that these are true because it can be a coincidence or small fraction that turns out.Quote
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
Amazon? or Giant banks? who knows.Im calling Amazon Pay wlll soon enter the space, they have to,
Rivals Paypal and Visa are already here in their own capacities.
They wont want to get left behind!
This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.
After Bitcoin Doubling the ATH of 2017 ? sure those businessman are now confirmed that this market is is legit and will surely a Place where the investment is more safer than any market at all.Quote
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
We can't tell that these are true because it can be a coincidence or small fraction that turns out.Quote
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
Amazon? or Giant banks? who knows.
If you check their statement closely, then it can be seen that they not just invested in Bitcoin. They have also made purchases of gold bullion and gold ETFs. And although they haven't specified it, I suspect that the term "digital assets" include some of the altcoins as well. The logic is very simple. No one want to trust the US Dollar nowadays. It's M1 supply is increasing like crazy and along with that the purchasing power will go down the drain. Everyone want to protect their wealth and as a result they are accumulating more of BTC or gold, and reducing their exposure to USD.
This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.
With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto. 
Whether we like it or not, such characters move the market regardless of our judgments about their moral character
That was a massive buying. We now need to pray that they won't dump it soon. As I've seen this as positive for Bitcoin, they can now trigger and start a heavy dump if something goes wrong in the near future. 
If just for acceptance as one of their payment methods, they can just easily do it but instead they bought a large quantity on which we don't know where it is being used. For a billionaire, I don't think that was just for holding because of positive views about Bitcoin in the future. They won't just spend 1.5Billion without a motive.
Pardon my speculation lol.
If just for acceptance as one of their payment methods, they can just easily do it but instead they bought a large quantity on which we don't know where it is being used. For a billionaire, I don't think that was just for holding because of positive views about Bitcoin in the future. They won't just spend 1.5Billion without a motive.
Pardon my speculation lol.
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.
It is not always a win-win situation, if there was a strong regulation in the crypto industry then it shouldn't be such easy to manipulate the market by big whales. The strategy of Elon and his shillings are moving the crypto market and the worst part is consequences of speculative tweets affect the daily livelihood of other crypto traders. The BTC can easily cross the $80000 price mark if Tesla continues to pump it but the other players should support the investment decisions of Elon Musk too.
If you think this was the move alone, then you're mistaken mate. BTC has just started and it's not Elon Musk who's alone influencing the whole crypto rise but yeah, the level of impact he's able to make on others is much more compared to all the other influencers combined. And why won't other investment firms enter BTC while seeing how rapidly and gradually the markets are widening their approach everywhere nowadays?
Don't you guys think Elon entered BTC a bit too late? Or do they believe that BTC will be worth at least 10 times than it is now? Because such a huge value of investment will only be worth when it sees at least some great form of turn over through itself and BTC does have the potential to get above such levels considering the fact that almost all institutions are now coming ahead into including BTC in their portfolio which is definitely a win-win for crypto.
It is not always a win-win situation, if there was a strong regulation in the crypto industry then it shouldn't be such easy to manipulate the market by big whales. The strategy of Elon and his shillings are moving the crypto market and the worst part is consequences of speculative tweets affect the daily livelihood of other crypto traders. The BTC can easily cross the $80000 price mark if Tesla continues to pump it but the other players should support the investment decisions of Elon Musk too. and they even plan to accept Bitcoin as a form of payment soon!
For Teslas? I thought they already did, no?That's interesting about them buying all that bitcoin--I don't know exactly what's up with these companies snapping up bitcoin like it's going out of style, but it certainly has helped the price.
Its like Michael Saylor's analogy.
Holding FIAT/Cash at the moment is like owning a big block of ice in your back
garden, its slowly melting into the ground, what to you do ? move it to somewhere where
it stops melting. In FIAT terms the most viable option is Bitcoin.
For Teslas? I thought they already did, no?
Please dont ask questions like this... it is easy to visit Tesla website and see what they accept for payment and Bitcoin is still not there. Can you imagine?
I can also imagine that Bitcoin is going much higher than it is now and Elon Musk is not so stupid to throw away 1.5 billions like that.And so what if Bitcoin drops again, some people are looking more long term, so don't worry so much about their sake, their earned a lot from their own Tesla pump.
I think because in the previous years he also said about accepting BTC as payment for the cars. I remember there was a thread about this, it's not the first time he bought BTC, even way before 2016, he already was investing BTC. 1.5B today though is really huge that it helped touch a new ATH.
-snip-
Well according to CNBC Tesla will be accepting Bitcoin for their cars.
Tesla to accept Bitcoin as a form of payment soon!
If I remember correctly, credit cards and other merchants withdrew support to pornhub. In retaliation for pornhub offering bitcoin support. Then pornhub was attacked by the media who claimed pornhub "supports" human trafficking and other nasty business.
-snip-
We have seen VISA move into the Crypto space by offering banks Crypto payments and trading support.
The space is changing.
Don't you guys think Elon entered BTC a bit too late? Or do they believe that BTC will be worth at least 10 times than it is now? Because such a huge value of investment will only be worth when it sees at least some great form of turn over through itself and BTC does have the potential to get above such levels considering the fact that almost all institutions are now coming ahead into including BTC in their portfolio which is definitely a win-win for crypto.
I think Elon Musk does this for a reason, more than once there has been information that he is somehow connected with one of the cryptocurrencies-doge, there has never been confirmation of this, but he does not swing the cryptocurrency market from side to side only knows how, but also loves)
I am sure he has his reasons, as I am sure that we can't even imagine what he is trying to accomplish! I am not even sure is it possible that after his adding Bitcoin in his biography can affect price to rise +10% in just an hour or less, like I am not sure now did he really bought these Bitcoins, or it's just a marketing... he could buy them months, or years ago... it's not like he doesn't have money for that!
Well whatever it is, and it can be literally anything, it's a good marketing for Bitcoin and the entire crypto market!
I think Elon Musk does this for a reason, more than once there has been information that he is somehow connected with one of the cryptocurrencies-doge, there has never been confirmation of this, but he does not swing the cryptocurrency market from side to side only knows how, but also loves)
Elon Musk is not only a good troll but he is a proven smart investor as now it's confirmed that Tesla bought 1.5 Billion in Bitcoin.
We already predict that elon Should be do something with his company in crypto. Hopefully we are going to see another all time high bitcoin price week. Soo guys we should use this time too think about our profit. Use your experience to take this chance to make your more posetive balance. I hope this time lots of company comes into bitcoin and they are going to invest. Because people saw that elon only tweet about crypto. But didn't share his investment. But this time he share his investment now people got more courage to invest.
Quote
they even plan to accept Bitcoin as a form of payment soon!
We are hoping for this news. Hopefully we got to know this news very soon. If this news comes out then god knows what postion we are going to see bitcoin price ↗️↗️.
Lets hope for the best and take this chance to make more profit.
I believe that the cryptocurrency market at this stage is only at the very beginning of a bull run. And if we take into account all the forecasts that exist today, then even taking into account the current prices for bitcoin, only the lazy does not invest. Therefore, it does not surprise me that large companies such as Tesla are investing huge amounts of money in Bitcoin.
Tesla to accept Bitcoin as a form of payment soon!
If I remember correctly, credit cards and other merchants withdrew support to pornhub. In retaliation for pornhub offering bitcoin support. Then pornhub was attacked by the media who claimed pornhub "supports" human trafficking and other nasty business.
It will be very very interesting to see if Elon Musk/tesla/spacex receives a similar treatment. The media has spent the past 3 years passive aggressively attacking Elon Musk/spacex/tesla after it was found that Elon Musk donated funds to the republican party.
Quote
Elon Musk Unmasked as Top Donor to House Republican PAC
Tesla and SpaceX CEO Elon Musk has been revealed as a top donor to a Republican PAC aimed at keeping control of Congress. Filings published by ProPublica this weekend show Musk contributed $38,900 to the Protect the House PAC, joining the likes of casino magnate Sheldon Adelson and Houston Texans owner Robert McNair in the PAC’s top 50 donors.
https://www.thedailybeast.com/elon-musk-unmasked-as-top-donor-to-house-republican-pac
Tesla and SpaceX CEO Elon Musk has been revealed as a top donor to a Republican PAC aimed at keeping control of Congress. Filings published by ProPublica this weekend show Musk contributed $38,900 to the Protect the House PAC, joining the likes of casino magnate Sheldon Adelson and Houston Texans owner Robert McNair in the PAC’s top 50 donors.
https://www.thedailybeast.com/elon-musk-unmasked-as-top-donor-to-house-republican-pac
Today is a history for Bitcoin because its price skyrocketed to its highest point. I wonder what will happen when the big companies that have bought Bitcoin sell their assets. The going market is much worse than the previous year. But that is all only a small possibility, because right now I am sure that it will still have an even more valuable value. Because many people are aware, that the only investment that can fight the banking system is Bitcoin, so Tesla is only a group of companies that have taken an important part of the upcoming economic changes.
For Teslas? I thought they already did, no?
Please dont ask questions like this... it is easy to visit Tesla website and see what they accept for payment and Bitcoin is still not there. Can you imagine?
I can also imagine that Bitcoin is going much higher than it is now and Elon Musk is not so stupid to throw away 1.5 billions like that.And so what if Bitcoin drops again, some people are looking more long term, so don't worry so much about their sake, their earned a lot from their own Tesla pump.
I think because in the previous years he also said about accepting BTC as payment for the cars. I remember there was a thread about this, it's not the first time he bought BTC, even way before 2016, he already was investing BTC. 1.5B today though is really huge that it helped touch a new ATH.
He also shills so much for DOGE why not also accept DOGE after all it already has a good price.
If they will accept bitcoin as a payment then it would be great because this would be a mass adaption for the people who doesn't know about bitcoin. Due to this buying of around 1.5B it will shakes the world and Elon will open a new gate that people will also support bitcoin. This news was really a shocking news because many people didn't know that Elon will really support bitcoin because they know that Elon is trolling sometimes.
For Teslas? I thought they already did, no?
Please dont ask questions like this... it is easy to visit Tesla website and see what they accept for payment and Bitcoin is still not there. Can you imagine?
I can also imagine that Bitcoin is going much higher than it is now and Elon Musk is not so stupid to throw away 1.5 billions like that.And so what if Bitcoin drops again, some people are looking more long term, so don't worry so much about their sake, their earned a lot from their own Tesla pump.
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Elon can support both you know that, its just that bitcoin is a far better investment at this moment. This will be a big move for Tesla, I would place my bet on the part where they would get their stock price more higher. Who should be the role model to follow then? I mean I don't know any one, almost every businessman that is famous that I know of is either private for their lives or straight up scummy, the best move is to not look at it emotionally, if this can make stocks and bitcoin go higher then we should just go for it, let it on the right ear and get out of the right, in fact, don't even listen what this billionaires says about everything online because most of the time it is probably a publicity stunt. 
and they even plan to accept Bitcoin as a form of payment soon!
For Teslas? I thought they already did, no?That's interesting about them buying all that bitcoin--I don't know exactly what's up with these companies snapping up bitcoin like it's going out of style, but it certainly has helped the price. And obviously the shareholders of Tesla and the other companies that bought bitcoin don't seem to mind very much. But that's because we're in a raging bull market. I suspect that if bitcoin's price was languishing or even dropping, there would be more resistance to these kinds of buys.
For their sake, I hope bitcoin doesn't take a massive hit such that they need to sell; that could be disastrous for everyone holding bitcoin for the long-term. Can you imagine?
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Elon Musk is not only a good troll but he is a proven smart investor as now it's confirmed that Tesla bought 1.5 Billion in Bitcoin, and they even plan to accept Bitcoin as a form of payment soon!
SEC filing confirmation:
https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm
SEC filing confirmation:
Quote
"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity," reads the filing. "As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds, and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term."
https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm
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