- Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher.
Musk has upended Wall Street over the last year and briefly became the world’s richest person as shares of Tesla surged nearly 500% to become the fifth most-valuable U.S. company, leaving other companies and investors eager to follow in his wake. Experts said they would not be surprised by a closer look from regulators given Musk’s bumpy past with watchdogs.
Tesla said in a filing the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. The report said it ended 2020 with $19.38 billion in cash and cash equivalents. “The argument for bitcoin is evolving. It used to be negative , but suddenly there are positive reasons, and that’s why you see bitcoin at ,” Mohamed El-Erian, chief economic advisor of Allianz, told CNBC.
“If this becomes a trend in corporate treasuries the downside of staying on the sidelines will only become costlier over time,” said Maya Zehavi, a blockchain consultant.
I love Elon Musk he just likes to shake things up
If you own bitcoin, and want a Tesla - cash in bitcoin. Purchase Tesla. Easy.
Ponzi scheme, value in 5 years = zero
Bitcoin = massive environmental footprint & money laundering. None of that is acceptable or mainstream.
Real Bitcoin Protocol, now only exists as BSV and its a a world class unique data management platform and does things like this:
This also explain the history :
of course the problem is BTC is NOT Bitcoin...BTC is passing itself off as Bitcoin:
This makes no sense other than a pump and dump scheme.
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Cardano $ada
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oh. Who didn't see that 'happening' after KSA sovereign fund financing.
The preferred currency on the dark web...
bitcoin will be global money when it's called credits & governments don't steal from their people. So like 80 years. Or we could invest in regrowing the ecosystems for some menu variety. I ain't eating impossible burgers, but I'll help clean up yesterday's pollution if funded.
A bit different look. Just dreamin'...
Catering to the money launderers and drug dealers