FILE - In this Dec. 1, 2020, file photo, SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin. Tesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. In a regulatory filing Monday, Feb. 8, 2021, Musk’s electric vehicle company said its board approved of the $1.5 billion investment and potentially more in the future.
The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S. Securities and Exchange Commission, saying its investment in digital currency and other “alternative reserve assets” may grow.Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services.
Tesla said last month that it had cash and cash equivalents of $19.4 billion after selling new shares to take advantage of a rising stock price. Dan Ives of Wedbush Securities said the move gives Tesla “more flexibility to further diversify and maximize returns on its cash.” Even with Tesla’s support, it could take some time before those who’ve made money investing in Bitcoin to use it to buy a car.
Burstcoin our future!
Founder of Paypal when it accepts bitcoin that was a clue
Are we back to coin emission and currency manipulation by local Lords like in the Middle Ages, but now with global impact? nytimes federalreserve ecb TheEconomist TheAtlantic bitcoins EU_Commission
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Have fun staying poor if you aren't holding bitcoin
Piramyd!
He’s lying
What a joke and sick
Well..... That's the end of Elon Musk. He's gone full Howard Hughes.
The master scammer continues.
Yknow what sucks about this? There’s a chance that Tesla is lying and it’ll still go up. Ridiculous
And the owner of Bitcoin is......
appropriate this asshole's money, every last cent then find his emerald stash and crush it to powder in front of him
I am all for Tesla, but for a company who the industry sees as a leader for reduced carbon emissions, they have invested in a crypto that has an annual carbon footprint similar to that of New Zealand (the whole country). XRP/XLM
Has the World gone mad? Am I still asleep and dreaming
Make 2times daily earnings by investing very little on bitcoin/etherium. Dm what's app or text for more info
after which Musk quickly sold.
This thread reminds me of how bitter people get about other people's success. The opportunities people miss with this mindset are infinite.
i think buying 1.5 billions on bit coin is easy then selling same 1.5 billion and bitcoin is safe for now but i dont think banks and countryes gonna let bitcoins and others whitout regulations and control for ever this is my concern
seriously somebody please help me understand how somebody can buy a currency
So how are we going to spread all that wealth? Like they say,'Money is like manure; it's not worth a thing unless it's spread around encouraging young things to grow.' Do we? At nine bucks an hour? But, they live at home; but, the parents make $12 bucks an hour. Need a ✏?
And then quietly divested it for a huge profit and ruining tech bros in their moms basements everywhere.
Elon probably purchased back around $34-35k and are already up big time. Six figures by the end of the year, especially as the dollar continues to decline.
How will Bitcoin ever be a regularly used currency by the masses when only one costs $40,000?
I too love to take Billions in capital buy something then announce it to the world so I can immediately profit off of it. This is fair and good.
Still got the ones you got from thee stallion ariellec ?
Corporations and the wealthy get to game the system all they want. That's how the system is designed.
When does it get shorted?
Influencer. Does he have an Instagram?
A big Bubble investing in another big bubble, what could go wrong?
Bitcoin went up! Tesla went up. Sounds like a good story for everyone involved.
the greater fool greed theory, it's value is based on greed or fear........
ZakaWaqar I thought you might be interested in this?!!
He always has a look on his face like he's telling his buddies a story about the time he ripped an old lady off.
Do dogecoin next please
Tesla can barely make a profit. It is easily the most overvalued company in the world right now. They need to focus on making sure their business will succeed before they invest in cryptocurrency.
cough cough ... money laundering ...