Elon Musk just put $1.5 BILLION dollars into bitcoin, holy cow!

[ansible]

My God, $100k per bitcoin now seems to be a real possibility. It's already gone up $5k over the past hour.

Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC.

The company said it bought the bitcoin for "more flexibility to further diversify and maximize returns on our cash," according to the filing. In addition to the purchase, Tesla said it would start accepting payments in bitcoin in exchange for its products as well.

The move raised immediate questions around CEO Elon Musk's behavior on Twitter recent weeks, where he has been credited for increasing the prices of cryptocurrencies like bitcoin and dogecoin by posting messages about them and therefore encouraging more people to buy.

This is breaking news. Please check back for updates.

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

[uponit7771]

1. This is not good, it was TESLA the company who bought bitcoin not just Musk.

[BSdetect]

2. From my very limited research I fear Bitcoin is a very risky investment

The technology is brilliant in theory but there are a few very serious problems with certain areas.

Mainly to do with investment "hedge funds types or similar".

Going after some criminals can be almost impossible.

Are my worries accurate?

[marcelmar]

3. Elon Musk and bitcoin

Last edited Fri Feb 19, 2021, 05:38 AM - Edit history (1)

What Elon Musk did significantly boosted the price of bitcoin, and we were even left shocked that the price went up so quickly. In my opinion, if things continue like this, I think bitcoin could also be worth a hundred thousand dollars, and I don't think it will lower the price by more than 35 or 40 thousand dollars . Elon Musk is a person who sees the future and tries to develop the world step by step as quickly as possible, and that is why I can say that Elon Musk is a person who has already made history with his ability to think and promote a product. I think he will invest me even more amounts in bitcoin, and then the price will rise even more, and I think this can also be said by an online broker, not just a trader.