Tags : Teslas

Bitcoin

Tesla’s in, but who’s next to buy Bitcoin?

Following Tesla’s $1.5 billion purchase of Bitcoin, the internet is awash with rumors on which high profile corporate entity is next. However, even at this stage of the game, corporate BTC buys attract controversy from the trad-fi diehards. They voice concerns about lowering dollar liquidity and increasing risk exposure to volatility. The case against adding […]Read More

Bitcoin

Tesla’s Investment Puts Bitcoin Market Cap En Route to $1tn

When PlanB released its widely-circulated bullish paper, titled “Modeling Bitcoin Value with Scarcity,” in 2019, he raised many eyebrows for predicting a $1 trillion market valuation for the world’s first truly decentralized cryptocurrency. In retrospect, PlanB noted that certain precious metals, such as gold, have historically maintained a monetary role because of their costliness and […]Read More

Bitcoin

Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5

The electric carmaker purchased over 37,000 Bitcoin, filings from today showed. And the firm’s CEO is getting congratulated by an institutional Bitcoin bull. Congrats, Musk! MicroStrategy CEO Michael Saylor is a happy man. The Bitcoin convert has picked up over a billion dollars worth of the asset last year, majorly through his company’s treasury and […]Read More