Tesla buys $1.5 billion in Bitcoin

[Alucard1]

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.

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[redsun114]

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.

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?

[Sithara007]

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.

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.

[3meek]

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!

[gopv16]

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[Vishnu.Reang]

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!

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.

[DIA7]

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.

[Jemzx00]

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!

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.

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.

[bryant.coleman]

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.

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.

[hornetsnest]

Oldie but goldie 

[lifeforcepools]

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

[2dogs]

This was so preditable - are you not entertained?

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