Bitcoin goes into ludicrous mode as it briefly flippens Tesla
The crypto asset overtook Tesla Motors in market capitalization following an announcement that the car manufacturer had invested in Bitcoin. Go to Source Powered by WPeMatico
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Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products
The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American … Read more
Tesla expects to begin accepting Bitcoin for payment
Tesla is now able to hold Bitcoin in reserves, thus accepting Bitcoin as payment for its cars without necessarily converting it. Go to Source Powered by WPeMatico
Bitcoin’s Musk effect: Research shows how Elon moves cryptocurrency prices
If researchers are correct, cryptocurrency holders should hope that Elon Musk doesn’t get bored of Bitcoin anytime soon. Go to Source Powered by WPeMatico
BTC billionaire Tim Draper to Elon Musk: I’d buy the Tesla Cybertruck with Bitcoin
Tim Draper, the billionaire Bitcoin investor who is also an early investor in Tesla, reacted to Elon Musk’s Bitcoin moment. Go to Source Powered by WPeMatico
Reddit co-founder hoists the Bitcoin flag on Twitter amid price surge
Alexis Ohanian is the latest social media and tech personality to update his Twitter bio to read “#Bitcoin.” Go to Source Powered by WPeMatico
Elon Musk adds Bitcoin to Twitter bio with 43.7M followers
Some of Musk’s 43 million followers might have noticed, after Bitcoin rallied nearly 14% in the 30 minutes following his bio update. Go to Source Powered by WPeMatico
Reddit investing group triggers crypto-style 860% rally in GameStop stock
The recent 860% rally in GameStop’s stock price shows social investing groups’ ability to trigger whipsaw asset volatility is not just limited to cryptocurrencies. Go to Source Powered by WPeMatico
Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of the interviewed fund managers believe bitcoin … Read more
Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’
The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market Cap Bitcoin’s frequent rise past all-time highs this week has made the size of the cryptocurrency larger than Mark Zuckerberg’s Facebook. The price … Read more
