Bitcoin Explodes Above $44K After Tesla Buys BTC: What’s Next?
Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency […]
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Elon Musk’s multi-billion dollar company, Tesla, has announced a $1.5 billion bitcoin investment in a filing with the SEC. The post It’s Happening: Tesla Buys $1.5 Billion Of Bitcoin appeared first on Bitcoin Magazine.
A healthy price boost to both BTC and DOGE comes as hodlers can now afford a whole Tesla Model 3 with a single Bitcoin. Bitcoin (BTC) hodlers can now all own a Tesla electric car — as long as they have at least 1 BTC in their wallet.As BTC/USD crossed $34,000 at the weekend and went on to hit $35,600 on Jan. 6, the brainchild of Elon Musk became more affordable than ever.2021 exchange rate: 1 BTC = 1 TeslaAs per pricing on Tesla's official website, the company's entry-level offering, the Model 3, retails at $33,960 in the United States if no environmental fuel rewards are applied. Musk,....
Bitcoin’s price soared higher today on news of Tesla acquiring $1.5 billion worth of BTC to add to their balance sheets This news was revealed in a recent SEC filing and naturally caused the entire crypto market to make a massive move higher This news is already driving massive demand towards Bitcoin, with on-chain data revealing a massive premium on Coinbase This is typically a bullish sign because it signifies that an uptrend is being […]
Analysts say the market is pricing in the potential for other corporate BTC investments.
One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions go from clowning Musk to overanalyzing the situation and everything in between. What a fun day in crypto […]