ELON MUSK'S electric car company Tesla has bought more than £1billion ($1.5billion) worth of bitcoin (BTC), causing the flagship cryptocurrency to spike to a record-high price. Technology What Elon Musk's bitcoin bet means for Tesla: 5 things to know. This morning, the cryptocurrency’s price climbed by a little over $1,000, but then it slipped back. Elon Musk says Bitcoin is slightly better than holding cash. Chief executive Elon Musk on Wednesday (March 24) tweeted that "you can now buy a Tesla with bitcoin" and that paying by bitcoin will also be available to … Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping $15.2 billion from his net worth. The bitcoin price is up by over 260% over the last 12 months. Following Musk's tweet, the bitcoin price soared above $52,000 to a new record high. Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices "seem high.". The bitcoin price has soared over the last 12 months, climbing to around $50,000 per bitcoin. Musk Backs Bitcoin . The world’s richest man, Tesla CEO Elon Musk, believes that bitcoin could soon break into traditional finance as he expressed his view on the popular cryptocurrency. Elon Musk was one of the first prominent individuals to embrace cryptocurrencies. Elon Musk said the EV giant is using only internal and open-source software and operates Bitcoin nodes directly. The competition was apparently being run by Elon Musk's Tesla team. Elon Musk a décidément l'art et la manière de faire bouger les marchés avec son compte Twitter. “I do at this point think bitcoin is a good thing,” the billionaire told a chat room on the invitation-only social media app Clubhouse on Monday. Bitcoin soars after Elon Musk's Tesla buys US$1.5b of digital coin, plans to accept as payment for its cars. But I won’t lie, as a long-time advocate for Bitcoin both in theory and practice, I welcomed his announcement that Tesla Corp. has a $1.5 billion position in granddaddy of cryptocurrencies. Back in 2018, Elon Musk owned only a small amount of cryptocurrency at 0.25 BTC. "Bitcoin's dirty little secrets", Bank of America Securities, March 17, 2021. At best, I see him as equal parts huckster and visionary. Fri, Feb 19, 2021 - 1:37 PM. I’m not Elon Musk’s biggest fan. The moves raise questions around CEO Elon Musk's recent behavior on Twitter, where he has been credited for increasing the prices of cryptocurrencies like bitcoin and … More companies might follow suit, but the move also raises investor concerns That’s, of course, assuming that Elon … Tesla CEO Elon Musk has declared his support for bitcoin, boosting the price of the cryptocurrency in the process. Bitcoin price holding steady. What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. Bloomberg notes that the Tesla CEO's remarks highlight one of the markets' biggest problems right now. Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. Despite Elon Musk’s support, the bitcoin price didn’t change much after his interview. The key word is “almost”. BITCOIN surged to another record on Saturday after reaching more than US$1 trillion in market value for the first time, leaving some of its biggest backers in a state of wonderment. Though his favourite is still Dogecoin, he also invested a lot in Bitcoin. Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. Bitcoin is almost as bs as fiat money. "I don’t even own any publicly traded stock besides Tesla.” Emphasizing that he is an engineer, not an investor, Musk says that bitcoin "is simply a less dumb form of liquidity than cash." In other words, despite his crypto ‘Easter eggs’ on Twitter, Musk seems to believe that the fate of crypto has yet to be decided, and especially their role in the future of finance. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3. Musk mengatakan bitcoin yang dibayarkan ke Tesla tidak akan diubah menjadi mata uang tradisional, tetapi dia memberikan beberapa detail lain tentang bagaimana pembayaran bitcoin akan diproses. The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla's $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Bitcoin vs Gold argument will never get old, at least in the Schiff family. It also announced that Tesla would start accepting bitcoins as a form of payment for its products soon. Tesla and Spacex CEO Elon Musk has clarified his position on bitcoin. Speaking on a Clubhouse stream Sunday night, Musk said that Bitcoin was “a good thing.” Tesla has done nothing wrong buying bitcoins. During a recent Clubhouse chat, the Tesla founder also spoke about changing mainstream views towards the digital currency. With governments pumping so much cash into the financial system due to the pandemic, investors are getting concerned about inflation and looking for other places to invest. (Bloomberg) -- Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping $15.2 billion from his net worth. Recently, advocate for the yellow metal, Peter Schiff, and his Bitcoin maximalist teenage son Spencer Schiff went public with disagreements about their choice of investment. ... Elon Musk’s new title is the latest distraction for a company that’s already had too many. Elon Musk has clarified his stance on Bitcoin. Coinbase. The world's most valuable cryptocurrency sank over 10% to a … With that, the crypto world has finally received Elon Musk’s official views on crypto and Bitcoin. In a tweet, Elon Musk said Bitcoin prices "seem high". Tesla’s chief executive, Elon Musk, has said that investing in Bitcoin is a “less dumb form of liquidity than cash” after the electric carmarker bought $1.5bn (£1.07bn) of the cryptocurrency.“To be clear, I am not an investor, I am an engineer,” he said on Twitter. Tesla CEO Elon Musk was involved in another Twitter storm overnight, tweeting that Bitcoin is “almost as BS as fiat money” in spite of Tesla’s recent $1.5 billion investment. Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high. Tesla CEO Elon Musk announced today on Twitter, that the EV manufacturer has begun accepting payment for its range of electric cars in Bitcoin.A Bitcoin payment button has appeared on the Tesla website. The spat began after Schiff senior criticized Elon Musk’s decision to allow Bitcoin payments to buy […] In February 2021, Elon Musk, CEO of Tesla (NASDAQ: TSLA), said the company had bought US$1.5 billion worth of bitcoins.. “Perusahaan akan menggunakan perangkat lunak internal dan open source,” katanya.
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