Tesla's top investment in Bitcoin | Bitcointalksearch.org

hd49728

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Quote from: cryptomaniac_xxx on August 19, 2021, 10:10:32 AM

I don't know where you get your sources, but it seems that it is months late as we already know that Elon had sell some portion of their holdings to test bitcoin's supposedly liquidity.

And this has news has been attributed to the start of the decline of bitcoin, but we have move past it in the last 5 months and we are about to test $50k resistance this August. And besides, I think we've outgrown Tesla and Elon Musk in bitcoin crypto sphere.

Bitcoin can test and break the resistance without Elon.

Bitcoin makes many new all time highs, not just break resistances before Elon Musk and Tesla became Bitcoin investors. They have big capital, huge followers on Twitter but don't think all rises or falls of the market are caused by them.

Governments are big part and they are related with FUD. Governmental FUDs are more terrible than Elon's FUDs.

Many institutes in the Bitcoin Treasuries: https://www.buybitcoinworldwide.com/treasuries/

cryptomaniac_xxx

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Quote from: Alikhaki123 on August 19, 2021, 08:04:40 AM

According to Tesla, the company made a net profit of $101 million in the first three months of this year through the partial sale of Bitcoins at its disposal. Tesla had the best performance among major U.S. stock exchange companies last year, but in the first quarter of this year its stock value dropped 15 percent (although the fall in the value of the stock in the first quarter of the year was not limited to Tesla and many other large companies are experiencing this problem), a 1.6 percent fall related to Wednesday's stock exchange trading.

On the last day of March, the value of Bitcoin in U.S. markets had reached about $59,000, but in the coming days the price of this popular cryptocurrency dropped to about $50,000.

I don't know where you get your sources, but it seems that it is months late as we already know that Elon had sell some portion of their holdings to test bitcoin's supposedly liquidity.

And this has news has been attributed to the start of the decline of bitcoin, but we have move past it in the last 5 months and we are about to test $50k resistance this August. And besides, I think we've outgrown Tesla and Elon Musk in bitcoin crypto sphere.

mrongoz_imut

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Tesla's CFO or master of coin Zach Kirkhorn revealed the reason for this Elon Musk electric car company. According to him, the company believes Bitcoin will have a long life regardless of its volatility.
Tesla invested $1.5 billion in Bitcoin last February and later reduced its holdings by 10%. This has had a positive impact where this cryptocurrency contributed US$101 million to Tesla's profitability. I think Tesla did all that because they already know bitcoin is a very valuable asset, and can bring real profits..

Elsaveronicha

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XIRCUS

The Tesla effect in the price of bitcoin this year has been huge. Until now, Tesla still has bitcoins. This is great news for us because tesla is one of the biggest companies in the world and they invest in bitcoin. I'm sure in the future more companies will invest in bitcoin.

mk4

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Paldo.io 🤖

Quote from: Kong Hey Pakboy on August 19, 2021, 08:15:27 AM

I think there's a topic about this already OP and your report is pretty much late for about 3 months now. Tesla profited from bitcoin by selling a portion of what they've bought when the prices are really high and I think it's good that they took profit, they invested 1.5 billion dollars in bitcoin so it's only natural that they take some profit.

Apparently Elon said the sell was to "test the liquidity". Knowing Tesla has a freakish marketcap of $680 billion, I doubt they would sell their holdings for a measly(in contrast to their marketcap) $101 million.

Kong Hey Pakboy

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I think there's a topic about this already OP and your report is pretty much late for about 3 months now. Tesla profited from bitcoin by selling a portion of what they've bought when the prices are really high and I think it's good that they took profit, they invested 1.5 billion dollars in bitcoin so it's only natural that they take some profit.

Alikhaki123

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According to Tesla, the company made a net profit of $101 million in the first three months of this year through the partial sale of Bitcoins at its disposal. Tesla had the best performance among major U.S. stock exchange companies last year, but in the first quarter of this year its stock value dropped 15 percent (although the fall in the value of the stock in the first quarter of the year was not limited to Tesla and many other large companies are experiencing this problem), a 1.6 percent fall related to Wednesday's stock exchange trading.

On the last day of March, the value of Bitcoin in U.S. markets had reached about $59,000, but in the coming days the price of this popular cryptocurrency dropped to about $50,000.

Topic: Tesla's top investment in Bitcoin (Read 115 times)