Tag Archives: tesla

Do you live in America and you fancy purchasing a Tesla? If so, you can now buy the car utilizing bitcoin, the world’s number one digital currency by market cap. The asset is accepted as a form of payment thanks to the efforts of Elon Musk, who has become a serious bitcoin bull over the past few months. Elon Musk Permits Bitcoin Payments for Tesla Cars The move is primarily an effort for the company to get its fingers on a lot more crypto. Last February, the electric...

It’s official – 2021 is the year of institutional cryptocurrency. While banks including Goldman Sachs and Deutsche Bank rush to expand into cryptocurrency services for their clients, firms such as MicroStrategy and Tesla are scooping up BTC worth billions to add to their balance sheets.Now, speculation is rife that Apple may be next, with Tim Draper including the Cupertino tech giant on his list of firms likely to make a move into crypto. But how likely is it?BTC As a Store of WealthAs a tech...

Tesla and bitcoin are far more connected than we realize, according to some analysts and financial institutions. Deutsche Bank, for example, has recently issued a statement saying that the next two to three years are likely to be real turning points for the world’s number one digital currency by market cap strictly because of the action Tesla has taken and will take in the future. Tesla and BTC Are Attached at the Hip The real relationship between bitcoin and Tesla began...

We keep seeing cases of institutions and largescale enterprises purchasing bitcoin and other forms of crypto to ensure their portfolios remain diverse and they can protect themselves against inflation as the U.S. dollar is subjected to weak economic conditions. After firms like MicroStrategy, Square and Tesla have all bought bitcoin, it looks like DMG Blockchain Solutions is the latest company to join the bitcoin-buying ranks. DMG Blockchain Solutions Will Mine and Buy...

Without disclosing any further details, MicroStrategy’s Michael Saylor said in a recent interview that his conversations with Tesla’s Elon Musk influenced the latter to buy $1.5 billion worth of bitcoin in January.Additionally, he also noted that BTC’s revolutionary technology had caught the world by surprise, which is why so many people outside the industry had issued accepting it.Saylor Influenced Musk to Buy BTC?News broke in February that the electric vehicle giant, Tesla, had used funds...

The founder of SkyBridge Capital and former White House Director of Communications, Anthony Scaramucci, made a somewhat surprising statement earlier today saying that Elon Musk owns about $5 billion worth of BTC personally and through his companies. Elon Musk’s electric vehicle and clean energy giant, Tesla, made the news in February when it was revealed that the company had purchased $1.5 billion worth of BTC earlier this year. This impressive milestone in bitcoin’s adoption cycle came after...

Legendary investor Mark Mobius is warning the world that should bitcoin ever experience a sharp decline in the coming future, tech stocks would be struck “very badly” by the move. Mark Mobius on Bitcoin: It Can’t Fall! Today, the price of bitcoin is back up to $57,000 per unit. Thus, the currency is once again at the all-time high it attained in early February. However, the currency gave us a bit of a scare following that time considering it staggered and fell below the...

Around one-third of UK-based investors believe they have missed their chances to get on the bitcoin bandwagon on time, so they would prefer to stay out of the market entirely, showed a recent survey. Nevertheless, they believe that the first-ever cryptocurrency hasn’t halted its bull run and will continue north to $70,000 or even $140,000 this year.UK Investors Regret not Buying BTC?The research compiled by the UK think tank Parliament Street and the independent polling company Censuswide...

Elon Musk has worked so hard to push bitcoin and to purchase the asset that it’s ultimately tied itself to Tesla shares, according to stock and crypto analyst Daniel Ives of Wedbush fame. Daniel Ives: BTC and Tesla Are Practically One and the Same In a recent interview, Ives says that when Tesla goes up, bitcoin will follow suit and vice versa. Tesla can also expect to see action whenever bitcoin makes a move. Not too long ago, the company purchased as much as $1.5...

Charlie Munger, the longtime Warren Buffett partner, Vice Chairman of Berkshire Hathaway, and BTC critique, has lashed out against the cryptocurrency once again. During a recent interview, the executive dismissed bitcoin’s chances of becoming a medium of exchange but made a rather compelling comparison with gold.Munger Blasts BTC’s Price FluctuationsThe 97-year-old billionaire investor spoke about the recent developments in the stock markets and the crypto field covered by CNBC. More...