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. Technology What Elon Musk's bitcoin bet means for Tesla: 5 things to know. 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. The key word is “almost”. Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices "seem high.". (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. Bitcoin price holding steady. 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. At best, I see him as equal parts huckster and visionary. 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. ... Elon Musk’s new title is the latest distraction for a company that’s already had too many. Elon Musk said the EV giant is using only internal and open-source software and operates Bitcoin nodes directly. 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. The world's most valuable cryptocurrency sank over 10% to a … Back in 2018, Elon Musk owned only a small amount of cryptocurrency at 0.25 BTC. Elon Musk says Bitcoin is slightly better than holding cash. The spat began after Schiff senior criticized Elon Musk’s decision to allow Bitcoin payments to buy […] Bitcoin soars after Elon Musk's Tesla buys US$1.5b of digital coin, plans to accept as payment for its cars. The bitcoin price is up by over 260% over the last 12 months. Bloomberg notes that the Tesla CEO's remarks highlight one of the markets' biggest problems right now. This morning, the cryptocurrency’s price climbed by a little over $1,000, but then it slipped back. In February 2021, Elon Musk, CEO of Tesla (NASDAQ: TSLA), said the company had bought US$1.5 billion worth of bitcoins.. 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. Fri, Feb 19, 2021 - 1:37 PM. 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. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3. “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. Musk Backs Bitcoin . Despite Elon Musk’s support, the bitcoin price didn’t change much after his interview. Emphasizing that he is an engineer, not an investor, Musk says that bitcoin "is simply a less dumb form of liquidity than cash." The bitcoin price has soared over the last 12 months, climbing to around $50,000 per bitcoin. 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. Bitcoin is almost as bs as fiat money. 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 … Tesla has done nothing wrong buying bitcoins. 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. Elon Musk was one of the first prominent individuals to embrace cryptocurrencies. 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. Elon Musk a décidément l'art et la manière de faire bouger les marchés avec son compte Twitter. 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. In a tweet, Elon Musk said Bitcoin prices "seem high". Following Musk's tweet, the bitcoin price soared above $52,000 to a new record high. With that, the crypto world has finally received Elon Musk’s official views on crypto and Bitcoin. Tesla CEO Elon Musk has declared his support for bitcoin, boosting the price of the cryptocurrency in the process. Elon Musk has clarified his stance on Bitcoin. 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. 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.
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