Tag Archives: tesla

Elon Musk – the South African entrepreneur behind large tech corporations such as SpaceX and Tesla – revealed that his latter company has purchased approximately $1.5 billion worth of bitcoin, the world’s most popular and powerful digital currency.Elon Musk Is at It Again with BitcoinMusk has repeatedly gone back and forth on the asset, at one time calling it as “bs as fiat” while at other times presenting it with high words of praise. Over the past week or so, the entrepreneur’s primary...

Twitter Chief Financial Officer Ned Segal said that the giant social media platform is looking into potentially putting bitcoin into its balance sheet. Additionally, the executive said that Twitter is exploring options to accommodate employees and vendors if they request to be paid in the first-ever cryptocurrency.Twitter To Put BTC On Its Balance Sheet?It seems that Tesla’s purchase of $1.5 billion in bitcoin has changed the game as numerous mainstream media outlets have taken the initiative...

Tesla’s massive $1.5 billion BTC purchase could be too risky for other large corporations to follow, argued JPMorgan Chase & Co strategists. They reasoned with bitcoin’s volatility that could prevent more old-school investors and individuals from allocating funds in the crypto asset.Corporations May Not Follow Tesla, JPM SaysElon Musk’s electric vehicle and clean energy company has bought $1.5 billion (15% of its net cash holdings) in bitcoin, as revealed earlier this week. Apart from the...

Elon Musk, the latest billionaire to jump on the BTC bandwagon for his company, Tesla, has openly criticized a cryptocurrency wallet called Freewallet app. The executive lashed out on Twitter and urged digital asset investors to steer clear from wallets that don’t provide them with the private keys.Elon Musk’s Security Tip For Crypto InvestorsArguably the most well-known and used phrase in the cryptocurrency space is “not your keys, not your coins.” It refers to the unique way in which...

After Tesla’s purchase of $1.5 billion in bitcoin, speculations emerged in the cryptocurrency field who would be the next giant name to enter the BTC ecosystem. According to Max Keiser, the host of the Keiser Report, it would be the US multinational IT behemoth founded by Larry Ellison – Oracle Corporation.Is Oracle Next?Elon Musk’s Tesla became the latest giant company to allocate considerable amounts into bitcoin after news broke out yesterday that the electric vehicle firm had bought $1.5...

Tesla Modell 3 Nach einem Investment des US-amerikanischen Elektroautopioniers Tesla in Höhe von 1,5 Milliarden in die Kryptowährung Bitcoin ist dessen Kurs sprunghaft auf die Marke von 44.000 Dollar geklettert. Damit notiert der Kurs auf Tagesfrist um rund 15 Prozent höher. Tesla will außerdem in Zukunft Zahlungen für seine Produkte auch in der Währung Bitcoin akzeptieren....

Ronald Stephen Baron, an American mutual fund manager and one of Tesla’s major shareholders, has clearly stated that although Tesla’s recent bitcoin acquisition does not come as a surprise to him, he still wants to explore the possible reason behind the purchase.Bitcoin Buy ExpectedAccording to a report by CNBC on Monday, Baron said that the recent comments made by Tesla’s CEO, Elon Musk, regarding bitcoin gave him hints on the purchase, and so, the announcement, which was made yesterday, did...

With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset.Bitcoin Surpasses Tesla For The 7th SpotElon Musk’s Tesla shocked the world after it filed Form 10-K with the US SEC, in which the founded in 2003 clean energy giant said it had purchased $1.5...

BTC is becoming a popular feature on the balance sheets of publicly-listed American companies, with many firms committing a significant portion of their equivalent cash balance to the largest cryptocurrency by market capitalization.Apple Should Buy Bitcoin and Create Exchange PlatformAccording to a client note quoted by Bloomberg, RBC Capital Markets, RBC Capital Markets has urged the iPhone maker to create a Bitcoin exchange platform and also acquire some of the popular cryptocurrency. As...

Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency.As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with the U.S. SEC.Meanwhile, David Lawant, a Research Analyst at Bitwise Asset Management, tweeting shortly after the bitcoin investment, noted...