Tesla Bought 1.5 Billion in Bitcoin!

[jaysabi]

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.

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[TheGreatPython]

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.

[VanDeinsberg12]

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.

[Karartma1]

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.

[Twentyonepaylots]

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.

[wbich]

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.

[justdimin]

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.

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.

[RealMalatesta]

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.

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.

[Aletheaminlin]

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!

[MCVXYZ]

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.

[el kaka22]

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.

[aesma]

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 ?

[xSkylarx]

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.

[Amejoaquim]

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.

[angrynerd88]

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.

[NeverSop]

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:

"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

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. 
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.

[Spaffin]

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?

[adamvp]

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: