Bitcoin Forum

Tesla invested 1.5 Billion USD into Bitcoin and plans to include Bitcoin as a payment method.
Definitely the reason for prices soaring right now.


Bloomberg report:
https://www.bloomberg.com/news/articles/2021-02-08/tesla-invests-1-5-billion-in-bitcoin-plans-to-accept-cryptocurrency

SEC filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

So maybe Elon was already buying btc and doge even before the time that he was tweeting about crypto. And now, we are hearing that they just invested in bitcoin. I believe he also has a bunch of doge in his crypto portfolio and other important alts. Really great news to the crypto community, big boost in bitcoin price, finally surpassing the 41k mark.

I was about to post this in other thread where we were discussing the recent changes that Elon did to his profile on twitter (Regarding "bitcoin" in his profile) but I guess that this is a way too much important new that couldn't be buried on a thread.

For anyone that wants to see the official document : SEC filling (https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm).

What's more interesting further than Tesla betting on diversifying it's investments is this simple paragraph :


This my friends is the true gold in this latest filling. I truly believe that Elon will do whatever he can to push investors to gain enough traction/support to implement BTC as a payment for their cars. It will be quite a ride and it will prove quite hard indeed, but if there's one person that won't stop at nothing, it's Elon Musk himself.

Today is a good day guys!

Several media outlets have now published about Tesla having invested 1.5 billion USD and that is a lot of money so obviously this is very good news as it has improved quite well now that btc has hit $ 42.6k possibly $ 50k soon in achieved.

I want to see how other companies will follow in the footsteps of Tesla, which is now fully adopting bitcoin? I am sure some companies will also invest in bitcoin after seeing this news.

I was looking for the price right now in preev ~$42.5k and wondering what have I missed! That was a clever move from Tesla and Musk is one of the factors responsible for pumping the price lately. Wonder know if they will accept Doge too ;)

Press release. Finally Elon Musk and Tesla publicly or undirectly announced they invested in bitcoin and maybe in crypto. Bitcoin is rising again by another celebrity. It is a year of news, pumps and dumps, social media are used as much as possible by whales.

Elon Musk likely bought crypto more than 1 year ago, up to 2 year when he began to make funny tweets with Dogecoin. Elon and Tesla give bitcoin a reason to claim its new all time high $43000

Though $TSLA's marketcap is a whopping $807 billion, a $1.5 billion allocation to bitcoin with their $19.3 billion cash on hand is definitely nothing to scoff at. That's a 7.77% allocation. Hot damn.

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EDIT: there's going to be a lot of post reporting in this thread. I guarantee it.

Well, one of the easiest speculation of many at last come true. Being a memer, hyping doge and now finally accepting (soon) bitcoin/crypto.

I wonder how SEC will react of elon hyping/tweets of bitcoin soon after this.

This is surely the cause of the big leap of the price a moment ago and it jumped real quick to $43000. So, it is also strange that i have the hard time to access binance couple of minutes ago before i saw some post about tesla buying such large amounts of bitcoin.

https://twitter.com/cz_binance/status/1358762501056303106?s=20
CZ 🔶 Binance
@cz_binance
"Massive incoming traffic. Some lags observed in some regions. Auto scaling. Should catch up soon. All because of Elon."
Elon Musk breaks crypto-exchanges))
And I don't want to think badly about Elon Musk, but he became the largest shiller of cryptocurrencies in the last month.

Some may have expected this, but I have to admit that this move surprised me quite a bit considering that how EM treated the whole thing via his twitter - and it all seemed rather frivolous and like some kind of joke. Some will say better ever than never, but some investors seem to invest their money only when the price of something rises significantly, as is the case with Bitcoin.

His money, his decision - but without a doubt this is a big bullish sign for all the other investors who have been hesitant so far. Now the only question is who is next on the list of those who will announce that they have bought BTC.

Once after the news from Tesla, the price has started to move forward crossing $42000. Musk is making a big change with the cryptomarket. From the beginning of the year bitcoin is getting influenced by high profile people. Every news rolling out related to bitcoin is positive and it making some difference in the market.

$1.5 billion in Bitcoin is just a beginning. The market circulation of bitcoin will go to the peak compared to the past, due to the acceptance of bitcoin as payment for Tesla products.

That was almost a 5k price pump for BTC after the news came out

Looking forward to seeing other companies jumping onto the bandwagon and start allocating some of their funds on BTC...Hmm, that $100k price target at the of the year that some ppl were talking about might actually not be too far-fetched after all, or maybe i'm being too bullish? 🤔 either way, thanks Elon (:

That's huge! The market has started responding to it and we are seeing 43 grand at this moment! Wow! 1.5 billion USD is a huge amount of investment and I believe 50 grand we can easily expect to see in a short while! We are on the right track! I am sure more and more cash rich companies will soon join the bitcoin bandwagon to make it even bigger!

I think this news is going to have the biggest impact in the price of the entire history of Bitcoin.
As well as the biggest positive impact in terms of consolidation of Bitcoin in the economy and in the culture of people.

Binance should upgrade their servers since bitcoin soars 40k, lots of users raged due to this, losses positions and liquidated, I can't even access its site now and its app keep crashing.

Damn, bitcoin will be hitting $50k soon, this news will again hype the market and will make it possible.

As of this writing, bitcoin is already trading at over $43,000... That was instant my friend, let the FOMO begins. lol

I was surprised that when I've checked the price, there's a boost. Thanks to Elon, he knows what he's doing and that's not just like the Dogecoin pump tweet that he usually love making of.

But this is real investment for his company and I think other institutions will gain the confidence on investing in bitcoin. Well, he's just the richest person in the world that bought a lot of bitcoin through his company Tesla.

what a fantastic news! this is another historic moment for the history of bitcoin and the whole community.
After several years get a such public notoriety it's something very big and huge.
if more companies will do the same we can see even the total market cap rally again. It's just matter of times but other big players are getting into the field!

$50k is really close, not possible. But I think it never just stop there, I was expecting to reach $100k. Sounds unrealistic but it looks possible.
Thanks to Tesla and EM, he did a great hyping job and that was a big influence on the market which I'd never think goes like this.

PayPal, Tesla, what next? I was expecting more companies connected to EM will announce as well of buying Bitcoin.

Since Tesla, Inc. is a public company and has a crap ton of investors around the world, they're required to report their financials. So they pretty much had to mention their Bitcoin purchase in their recent SEC filing[1] taking note that $1.5 billion is a significant amount of money.

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[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

Elon is a sly dog, shilling DOGE on Twitter to create a diversion whilst he quietly accumulates bitcoin. This is the start of the institutional run to bitcoin. Bezos next maybe? This is just the start of this bull run, it’s going to be epic boys & girl!

What does it have anything to do with Tesla or other private companies investing billions. The price will rally on hearing these news and you need to be careful as you never know when they will be booking the profit. I am also looking for an opportunity to book my profit and and so does everyone in the market and will see how long this rally will last  :P.

Well, the hint was probably been laid here: https://www.twitter.com/elonmusk/status/1340581313406001153 and I think this isn't a single transaction cause if it did then congratulations to the lucky miner that can mined this block, but I think it's a series of buy-ins. Wondering if we really need some TA or just Elon? This is a great news and hello $50k maybe in the coming days or next week. #HODL

And he postponed Alt Szn...  Twice!  FU Elon Musk.  :D

Seriously tho, shit just got real.  I think it removes all doubt about BTC and how some people, economists even..  you know smart people, say that it’s just a fad.  Damn...

Every tweet he has done have had an effect or moved these markets of those assets either in a positive or a negative way.
So there is not denying that he does have an influence on anything he mentions about on his platforms or in podcasts.
I think cointelegraph said upon this news breaking it had caused bitcoin to break it's all time high.
I wonder what doge is at now since there was supposedly a superbowl commercial of it with his voice over in the background.
I first thought it was a parody made by a youtuber but then some people have said they saw the advert on their feed.
So don't know what to believe now. :-[

Elon Musk has been buying bitcoin for a very long time, not to mention that it is not possible to buy $1.5 billion worth of bitcoin and not see the price go up at least $10k. the market is big but not $1.5 billion big. on most exchanges it would have only taken a couple of millions to break the $40k resistance.

in any case this is another thing with bitcoin, a lot of rich people have been buying bitcoin for years without letting anyone know it. Elon Musk is only one of many who made his actions public. there are lots more that not only never let anyone know but also spread FUD about bitcoin because it is extremely difficult to buy billions of dollars worth of bitcoin and not force the price to go up.

kudos to Elon. quite a big move and a huge risk for his company. that being said this event is great publicity for bitcoin. Elon fanatics that haven't thought of investing in bitcoin might consider it now.

While I think that people are a bit too market-ignorant to blindly follow the shills of big names on Twitter(Elon, Winklevi, etc), I really didn't like their shilling of DOGE. If they were to shill an asset, at least shill something that's not a meme, and something that they actually have their money in.

It's most definitely OTC though. The same way Michael Saylor's MicroStrategy did it.

GMO, a Japanese company in 2017 accepted bitcoin and paid salary in bitcoin.
https://www.theguardian.com/technology/2017/dec/15/japanese-company-paying-employees-bitcoin

Buy real estate with Bitcoin in Dubai, in 2017.
https://www.cnbc.com/2017/09/05/dubai-real-estate-project-first-to-be-priced-in-bitcoin-michelle-mone.html

The investment and Tesla acceptance for bitcoin is big but intrinsically it is used same as GMO and Aston Plaza and Residences news.

Did you like the doge commercial somebody made with Elon's voice explaining how it will be the currency of the earth? :D

He does like to troll his followers hard though.
I'll give em that. ;D

I don't expect Tesla to do this. But Elon Musk has been playing on his twitter lately and talking about cryptocurrencies like DOGE and BITCOIN. Even had time to write #bitcoin on his twitter bio and then delete it.
Tesla provides FOMO on the current Bitcoin market. Bitcoin is able to hit new ATHs again and again. this will be new history. $ 50,000 would be easy to get to and Bitcoin is on the hype right now.

Sure. It's just a far bigger deal in Tesla's case because it's well known to almost anyone that Elon Musk is one of the biggest innovators in our age, to the point that some people are dubbing him as the "real life Iron Man". And the fact that he not only acknowledged bitcoin, but also bought BTC with Tesla Inc., and accepts bitcoin payments? Ginormous effect.

The investment and buying of Elon and the Tesla company a approximate 1.5 billion was really a huge impact in the market as we can see that the bitcoin soar high of around $44,000 and one of the primary reason was the investment of the Tesla. They also said that starting on monday, they will be accepting a bitcoin as a payment method on every product that they are making. This was really a huge news that shakes the entire crypto community.

Yes, apparently Bitcoin in the near future will rise in price to at least $ 45,000, or even up to $ 50,000. And this may happen in the next few days. Elon Musk has not previously said anything about the intention of his car company Tesla to buy bitcoins, especially for such a large amount. If he wrote the word "bitcoin" and in a few hours it quickly rose in price, and this could be taken as a joke, then the purchase of bitcoins worth $ 1.5 billion is no longer a joke.

Apparently Elon Musk has been the reason why bitcoin is soaring high and has reached a new ATH again today. Maybe he is really interested in cryptocurrencies and may see it in the future that it could be of use to everyone. I mean it’s not a joke to buy bitcoin worth $1.5Billion you know.

when I saw this price increase I went to see the news and as I didn't have much time to read I just saw the title of the news, but I kept asking myself:

did they buy bitcoin today, yesterday or last week?

after i had time i went to read the article and still i still don't understand if they will already buy bitcoin or do they plan to buy bitcoin?


Did he mean they bought bitcoin in January? if that's the case why the hell today did the price go up so much? will pump and dump? because I am not seeing so much money in the market to support this price level if Tesla did not buy bitcoin today

No doubt that Elon is this powerful to actually move the price on his own, by his influence, just like Dogecoin is right now, so does Bitcoin, of course I can never say it's all him since we also have investors and buyers who seem to love Bitcoin, the price would definitely increase more as days passes by, just imagine Tesla itself buying that amount of Bitcoin is just crazy, and it definitely is good for the market.

No wonder the price of bitcoin is rising at this time, it turns out that Elon Musk is eyeing bitcoin as an investment place. i think the increment could be higher than this. well, nowadays Elon Musk is in the spotlight in the world, and is really influencing the crypto world. I thought that Elon Musk would invest a lot in DOGE, it turns out that his first goal in crypto is bitcoin. Well, this will really strengthen bitcoin prices in the future. even more so if he plans to combine crypto and Tesla technology.

Yes, whoever turned out to be clever could of course make very good money on this, I advise you to follow all this movement!

Secondary stock offerings were probably the source of the $1.5 billion used to purchase bitcoin.
Those funds were supposed to be used for building factories, paying liabilities, etc. and other prudent business operations.

Why the speculative move to buy bitcoin? 
This seems to say that Elon's business plan is not worthy of the risk.

(Allowing buyers to purchase its product with bitcoin - not a big deal as they can sell right away.)

What could possibly go wrong - for TSLA?

Well, it's good news and bad news at the same time.

Obviously, it is a piece of good news to every crypto lover as he/she can buy a brand new Tesla with their holding in the future..  ;D

And bad news because the alts are bleeding red again, though people may think that alt prices are increasing in $$ values but we bought it through BTC. so unless they reach back to the same price or higher in BTC pair, we are at loss.  :-\

Elon musk is really taking advantage of his influence, It is given that Elon bought a bag of bitcoin on the accumulation phase and I think this is his plan, He will not shill or do something that he won't gain something. We small-time trader/hodler/believer has a chance to ride his plans to make some profit. I hope that next time he will shill a useful coin not a useless coin like doge  :( For the mean time, The tesla investment is I think good for bitcoin itself breaking the recent ATH and making a new ATH. I'm hoping that big names will start showing their motives to bitcoin.

so this Blockfolio app notification popped up during my Mobile Legends time a few hours ago.

https://i.imgur.com/bwcqUn6.jpg

I was screamed out, it feels like a birthday surprise.
The game feels so slow since I want to check my portfolio immediately, open my Twitter to make a celebration tweet, checking my alts order, etc.
A great day for Bitcoin and Crypto Supporters.

Now "stocks" people can't say Bitcoin is monkey business.
Because the king is with us now ;D

This is an insane power move.

I wonder if he had to get approval from a board of directors?

Elon Musk is a charlatan. That being said. This is good for bitcoin. If other big companies follow suit we could easily see the price go to 6 digits and never come back down from there.

The risk involved can't be understated though. Bitcoin could go down 90% and turn that 1.5 Billion into 150 Million if the wind starts blowing in the other direction.

This is absolutely fucking crazy.

Well, Elon is the largest stock holder in Tesla so I'm sure the board had to approve it.  But his votes probably carry the direction most of the time.

I also have same thoughts; it is impossible for Musk to just buy bitcoin today and also announce today; he definitely must have beenn packing enough of the dips during the bears; and use his massive influence to force fomo and enough demand to cause a demand pull. An excellent movement irregardless. Bitcoin to the world

I was very surprised that it goes so quickly. I had a premonition because why else would you have such a great interest in crypto currencies? Remember his twitter bio recently with BTC. there it was already clear that he owns btc. the distraction with doge was good and he had a lot of fun. and snoop dogg surely bought some btc too.

Now we're a little smarter. Tesla is innovating and making a strong statement in the auto industry.

Elon Musks have already been so popular in crypto universe and we are getting his predictions about Doge and bitcoin for last few weeks. Although Elon Musk was so positive about bitcoin from the beginning and still he is spreading the potentiality of bitcoin and other crypto currencies. I am not a big fan of him but after seeing the news of Tesla's recent investment on bitcoin i can easily say that many more companies will follow the same way in upcoming days. Yeah its true that still many people have negative thinking about bitcoin and love to go for bank wire transaction rather then using bitcoin as a payment method.

We can't reduce this number just in few month or year but whenever worlds richest man make clear announcement about his investment on bitcoin (1.5$ Billion) then definitely haters will rethink about bitcoin and its use.  

Tesla upped btc price by 10% so we need to wait for Amazon, I guess another 10-30% up.

I wonder if SpaceX or Starlink will get into Bitcoin.  We got a lot of time before we need payments sent back and forth between Mars, but it seems that SpaceX at least would want to be able to transact using crypto between settlements.

It is truly remarkable that TESLA has announced that they are going to use Bitcoin as their payment method. If such an adoption is made at the corporation level, we will soon see that the price of Bitcoin has exceeded 100k.
That's why I applaud Elon Musk and his organization, Although late but they realized that Bitcoin is the real future.

I wonder why Tesla didn't invest their 1.5Billion in Doge.
Unless Elon Musk was trolling with us the hole time and he has a sense of humor. But he found out that his tweets affects the crypto world so after he invested some money in Bitcoin why not brag about it to drive the prices up.

It was always going to happen sooner or later, we can see how bitcoin has captured the financial world by surprise now every financial institution are trying to lay hands on as much bitcoin as they can buy, with this news we might even see Bitcoin at $50k before the end p this week, Elon Musk is really a destroyer of short positions  :D, cause I  heard over $500m was liquidated in all futures crypto exchanges after tesla released the news,  looks like we are already on the moon now heading to MARS.

Tesla now is absolutely making a huge effect on the market, the spike that we saw is the cause of this buying amount. I was truly amazed by the support that Elon did, that kinda be he is really serious about what he doing right now. From Twitter, Doge pump, Bitcoin doing the same, and have this Tesla. Everyone now is on the look to Elon. They are obviously watching him what he does next.

You can't simply ignore that because I now seeing that Elon is adopting crypto, he's not joking now, I think.

This is really a big news not just for the crypto community but as well as for the world because knowing Tesla's big influence and popularity as a big company now investing with Bitcoin with a massive amount of $1.5B will give more credibility to Bitcoin for people will now find reason on why they must get into Bitcoin. This thing done by the Tesla will surely have a big impact not just on Bitcoin but as well as into the minds of people for they would be convince to get into Bitcoin now that another big and influential company have given a hand on investing into it.

I think it is not really surprising if Tesla buys a big amount of Bitcoin, we already saw what Elon Musk did on his tweets lately. They start to speak much on crypto, even his tweets lead to the soar in Dogecoin price. This man knows well how to take advantage of crypto investment. He is aware of the impacts of news or issues on the crypto market. So, he finally decides to take a part in this industry more by buying a big number of Bitcoin through the Tesla company.

I knew that Elon wasn't really shilling crypto for nothing, especially bitcoin and doge as of late. His twitter platform is so powerful that bitcoin soared from $33k to $37k just a week ago and now here we are, with the announcement of Tesla officially invested in bitcoin: $46k. It will surely boost Tesla's valuation even further in the coming years, and I do hope that with valuation comes greater and even better products for their electric cars. I mean, valuation is nothing if you can't deliver anything to the masses, and soon your company will just fall like dominoes.

A lot of people already predicted that Elon is already 'in the game' right even before the official SEC filing, but it's still crazy to know that the man with about $250 or something worth in bitcoin lets its multi-billion company buy $1.5 billion in bitcoin alone in a single move. Possibly one of the highest institutional purchase ever.

It's now confirmed that Elon Mush is up to in the last couple of days, he maybe testing the waters already with #Bitcoin and then experiment on DOGE on how people are going to react on him.

And now that the jury is out and there are public documents of his company investing a good sum of their assets to BTC, then everything break loose. Now it's just a matter of time when this run will end short term. I'm thinking $56k will be a good stop.

True, that amount is nothing for him but maybe he is also testing on how the market goes up and down whenever he tweets or say something about a certain coin. He’s smart on putting that amount of money to bitcoin, I mean he tweeted dogecoin, or maybe he is inviting other investors and convincing them this is for real. There are still a lot of people who still does not believe in cryptocurrencies and he’s proving to them that there is potential in cryptocurrencies.

If you look at the current price of Bitcoin which has managed to reach the price of $ 47k.  The enormous impact of the news meant Tesla
invested $ 1.5 Billion into Bitcoin. Indeed, since Elon Musk changed his bio on twitter to #bitcoin, it seems like the beginning of the hype
against Bitcoin. I am really looking forward to the plan that Tesla will accept payment methods via Bitcoin, if the plan is officially realized,
the Bitcoin price will skyrocket even more. Therefore, with a lot of positive news related to Bitcoin, I decided not to sell the Bitcoin that
I have for now.

I expect him to integrate Dogecoin too with his business once bitcoin is fully integrated. Dogecoin value rised a lot recently and it can be pumped further to $1 for doge then maybe this will attract more people to the honeypot!

I think Elon Musk wants to prove us something because he already did this in doge coin where he suddenly make its price spike in the market.

He is really something else and we are glad that he is supporting cryptocurrencies to play with its price in the market.

$1.5B worth of bitcoin is really huge compared to other investors or companies. TESLA is a big company handled by the richest person in the world and it is really a good idea if he will set us in a hype.

$1.5 billion it's some serious cash, and the way that he makes it public was because he knows he is an influence. And if he makes a bet tons of people will follow him.

It was a wise move to make it public, and now we can see the consequences...ATH!

Oh, thats the reason why i woke up in this morning and my portofolio rising up.

This news from Tesla is very damn good for crypto future and especially for bitcoin i think the price can rise more than $50k.

Bitcoin seems to be right in the middle of the bull run and news of this kind are extremely bullish for the chart. Price can reach $100k and higher as this kind of news will drag hundreds of medium and large companies invest part of their treasury into Bitcoin.

The central bank negative interests will keep sending investments in assets like Bitcoin and all cryptocurrencies will see more growth for months. I expected this bull run to find a top by July, but with this kind of adoption perhaps it will be prolonged now until the end of 2021.

When one has the stars aligning on their side... well you know the rest. ;)
Space X, Tesla, Power city, Doge->Bitcoin you can see something big was going to happen sooner or later.
As many has said already as if he was just testing the waters getting into crypto just to see how people would react to seeing him rave about a cryptocurreny, and that being doge with that lone tweet saying: Former CEO of Dogecoin a while ago.
So now him ranting about purchasing a ton of BTCitcoin to the world and getting it done the right way by filing with the SEC shows he made the right power move, as you have put it.
This is the next step indeed.

This has been made public from many sources that it is 15% of Tesla's worth. So putting this kind of amount into something means they will be storing it for years to come and don't expect it to be dumped onto the market again since they will be accepting bitcoin for payments inexchange of their company's products.
"You will be able to purchase a Tesla car with this form of currency." is Elon's exact words.

Middle of bull run? so this means there's still more to come? I can't wait but just watch it pumping and just look at my portfolio if it brings positive profit. I have been holding some altcoins for a while, most of them are still not in bull run state, it's sleeping in short.

Bitcoin should pump more so eventually altcoins will have its bull run as well, or the altcoins seasons will come.

Also since the current pump is dependent on Musk BTC is a bit dependent on TSLA stock.

Nah I don't think that bitcoin will be dependent from TSLA stock. Bitcoin is volatile and depends on ask/demand, even if that stock dropped a lot and traders continue to buy bitcoin then the price will continue rising. Now if they will drop that amount then a crash will definitely happens since there will be a huge number of bitcoin for sell comparing to a smaller number of buyers.
Wonder estimate how much Tesla bought, January price was between $30k-$40k so ~$34k as median = BTC44k = 0.2% of the total bitcoin supply without counting the definitively lost amount!

This is one of the greatest event to happen to the crypto industry. t is the adoption of btc by the world's richest man.It is beyond adoption, he invested and he is making it as a means of payment for his products. wow, i am very excited about this.

no wonder, he said during the club house event, that he was late to the party but he is a supporter of bitcoin, that btc is being adopted by the public. I also see how strategic is Michael Saylor in ensuring that Tesla invested in digital assets.

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Another perspective which will act as guide is that during bubble mostly created by Elon, must people tend to dump after few hours, so, those following such trends should not be victims of such massive dumping because when it happened the price crashes.

Though, there is huge value in trending but that value is only in timing.

[moderator's note: consecutive posts merged]

You are absolutely right but the Tesla $1.5Billion investment in Bitcoin was used by Elon to test if it good to make a single transaction of billion dollars in cryptocurrency and to see the investment result base on the advice giving to him last year by Michael Saylor and Changpeng Zhao when the Microstrategy guy told him “If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC.  Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.” (https://twitter.com/michael_saylor/status/1340665067570913280?lang=en)

The news not only pushed the market to a new ATH but will also affect the shares price of Tesla and if they get the approval from SEC about crypto as a payment option the Tesla share price will skyrocket. Elon Musk is now actively involved in the crypto market and influenced the market to surge and will continue to do so. Hopefully, other companies will do the same.

Elon will completely disrupt the market in near future. Don't miss the time.

In the midst of the ban on crypto which was said by some country Central Banks, this is totally a piece of good news for every cryptocurrency investor but still, needs to be prepared for negative FUD that may be created by some institution or banks which sees cryptocurrency as their rival.

Tesla marketcap is $815 billion (https://assetdash.com/) and diversifying asset on bitcoin in 2021 seems more popular among big investors and companies will push its value even higher this year, no wonder some analyst predict it could reach over $100k or $300k by the end of the year.
Subsequently, after several recent tweets about doge and a bitcoin hashtag then Tesla intent to begin accepting cryptocurrency as one of the payment arrangement, positively encourage more institutional investors and companies to at least accept bitcoin as a form of payment as well. Many people want to spend cryptocurrency without having to convert it to fiat currency, some crypto-firms provide the service to do it, only if more numerous corporations, retailers, and merchants join into the sphere, then some crypto will emerge better than others as a digital currency to scale.

If you think Tesla's Bitcoin $1.5 billion buy was big... Then wait for the next big featuring of $BET token on Elon musk Bio... Wait for Apple's buy, wait for Amazon's buy. Most people missed out on investing in $doge because of doubts & undervaluation but you can make it right with BET,Dot, cake, xlm & Link
 

Yeah, he bought a "tiny bit" but the splash was huge since it was Musk. If no big players join him in bulk acquisitions soon and TSLA slides, his judgment might be called into question. Need to keep the momentum going.

Yeah, I heard this news also on Elon's tweet. Perhaps this is also what is becoming increasingly powerful bitcoin. The $1.5 Billion that Tesla
invested into bitcoin is a huge  amount, especially  if they  have  already  realized the plan to use Bitcoin as a  payment  method  for  Tesla,
adding to the popularity and public confidence in crypto is getting stronger.

I personally feel that Tesla will be able to propel Bitcoin from $40,000 to around $100,000 (and that was after PayPal took it from $10,000 to $40,000). With the Federal Reserve printing out banknotes like crazy, I expect more and more corporations (and individuals) to consider Bitcoin as a store of value. Any similar move from top corporations such as Google or Amazon is going to have a huge impact, although I am not expecting that at least in the first half of 2021. The real impact from the increasing M1 supply will not be visible immediately, so there is no urgency or haste from the part of these corporations.

So basically this is the reason for the big leap we have seen a day ago, this is really good news for the crypto community, it seems like bitcoin is increasing continuously, I hope this would be the start that will persuade other companies to buy and invest in bitcoin. The first one is the tweet of Elon Musk which really gives a big leap as well to bitcoin and now the Tesla that buys $1.5 Billion worth of bitcoin, so what's next maybe this time is a good time to buy kore bitcoin.

I usually find all these things to be funny, because the kind of amount that these companies are investing in these cryptocurrencies baffles me. It seems like the main whales are all out now and their target is cryptocurrency. At first it used to be just the ordinary and this wasn’t seen as another gambling opportunity where people are looking at when prices will go up and that’s all they discuss.

Now these big companies are investing huge amount of money with the hope that they can keep pushing the prices up. With time more of them will join and the market will increase to an extent, then the question will be – what follows next?

Both are related. Elon was probably the reason why Tesla made investment with Bitcoin. Now Elon has come out in the open, supporting Bitcoin and that is a big thing. Yesterday I read an article in Coindesk, regarding a statement made by a JP Morgan official. He was claiming that other corporations are unlikely to follow Tesla in making Bitcoin investments. He put up some stupid stats to support his claim. One claim was that if a company converts 1% of its reserve cash to Bitcoin, then it's volatility increases by 8%. You can see how stupid this looks. How can 1% cause 8% increase in volatility, unless the prices increase by 800%? And in case the prices increase by that much, it is going to be good for the company.

This season has begun, thanks to Ilon Musk! After the news about PayPal, bitcoin overcame the last ATH... Now Tesla has made a new ATH! ;)
And it's all thanks to one man! What can be when other companies start supporting it! ;D

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It was PayPal which caused a 300% spike in the prices. The impact from Tesla purchase is not yet visible. But that is not surprising. The rally that resulted from PayPal was not instantaneous. It was spread out over three months, although there was a sharp spike on the first day when the news first came out. I expect the same thing to happen with Tesla as well. The rally from Tesla will be spread out over several months.

There's now an unconfirmed rumors that apple following the footsteps of Tesla and they are investing in bitcoin also.
This rumors sad that apple is putting or put 5Billion USD in bitcoin and it's likely that apple will be joining the cryptocurrency community by creating their own currency.
Seeing that they have the ability to have wallet already in their consumers phones, PCs and laptops and they already have a large consumer base this will be a great news for crypto it's just need to be confirmed.

I really hope that it will work out just as you've said because with that we may be able to see bitcoin at a stable price at 40k+$ range and will stay that way for a long time due to how much the wall these investors are providing. I too thought that Elon Musk was the cause why we reached the new ATH of 48k$. If that really is the case we may not be able to see the price correction that most of us are waiting and aware of as the price correction that may happen is already happening.

Anyway, it's a good thing that major companies are already implementing bitcoin on their payment system and many other companies are also considering bitcoin and other crypto. We are now halfway to how we imagine bitcoin being the future will be.

Apple is the same corporation which banned Bitcoin wallets in iPhone many years ago (2014?). I don't think that they will take a pro-Bitcoin stance anytime soon. Back then, a few of the Bitcoin users actually posted videos of them smashing their iPhones as a protest. During all these years, they have taken a stance against cryptocurrency. And I don't think that their policy is going to change anytime soon.

https://www.meme-arsenal.com/memes/eb561ce8c79c13a825b2eb72cd5e9457.jpg

Oldie but goldie  8)

It seems to me that now is not the best time for such an investment. He should have waited until the price fell again.

This was so preditable - are you not entertained?

https://twitter.com/fuckelonmuskb/status/1394002175588765702?s=20