Bitcoin Spikes as Tesla Buys $1.5b

Jiggly · 02-08-2021, 07:35 PM

Apparently, Tesla has made a purchase of approximately $1.5b of Bitcoin in January, this article states. Tesla are also interested in taking payments in bitcoin in the future.

Tesla said the following:

Code:
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. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets.

Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

Mr Musk has also been a pretty vocal supporter of other cryptocurrencies, including Dogecoin.

recycle · 02-08-2021, 10:36 PM

INSANE money have been made, thanks Elon! <3

Brendaddy · 02-09-2021, 02:37 AM

I felt the need to leave this here...
[Image: d11o87501ha21.png?width=640&crop=smart&a...be6dfc4e31]

Jiggly · 02-09-2021, 11:19 AM

(02-09-2021, 02:37 AM)Brendaddy Wrote: I felt the need to leave this here...

Please tell me someone tweeted this to Elon.

mothered · 02-09-2021, 11:23 AM

This Is Insane.

I was keeping an eye on Bitcoin's value at work, and within a matter of a few hours It Increased around 2k.

Jiggly · 02-09-2021, 11:38 AM

(02-09-2021, 11:23 AM)mothered Wrote: This Is Insane.

I was keeping an eye on Bitcoin's value at work, and within a matter of a few hours It Increased around 2k.

That's amazing. Makes me wish I'd invested Wink

Hysho · 02-09-2021, 02:49 PM

I don't align with Elon as a person but hell, Thanks for the profit to my wallets.
I wish I don't sink all of my money into altcoins but still get enough profit from the alts that follow BTC's trends

mothered · 02-09-2021, 03:27 PM

(02-09-2021, 11:38 AM)Jiggly Wrote: That's amazing. Makes me wish I'd invested

It was 45k US at one point and sometime later, It hit 47k.

Anyone who had the cash to Invest, would've made 2k In a few hours or so.

Jiggly · 02-09-2021, 07:48 PM

(02-09-2021, 03:27 PM)mothered Wrote:
(02-09-2021, 11:38 AM)Jiggly Wrote: That's amazing. Makes me wish I'd invested
It was 45k US at one point and sometime later, It hit 47k.

Anyone who had the cash to Invest, would've made 2k In a few hours or so.

And the luck to have not withdrawn what they had already.

fsociety · 02-10-2021, 07:29 AM

recently it was going down , but again hope it keep increasing , btc is real cool where 1$ can change into 100$.