Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Midas Letter (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Should You Buy Bitcoin as Tesla Invests $1.5 Billion?

Monday, February 8, 2021 12:43

% of readers think this story is Fact. Add your two cents.

Tesla Inc (NASDAQ: TSLA) announced that it bought $1.5 billion worth of Bitcoin (BTC). The company not only invested but would also start accepting payment for its products using the cryptocurrency.

The Bitcoin price jumped as much as 15%, with prices exceeding US$44,000 for the first time.

Bitcoin exceeds US$44,000

The Tesla CEO has had a huge impact on raising the prices of cryptocurrencies, including bitcoin, through his influence on Twitter. (Even changing his display picture to an image of BTC) But a key thing to keep in mind is that Elon Musk has a large position in the crypto…

Does this news set the scene for institutional acceptance of Bitcoin and give corporations the green light to hold cash in bitcoin? Should you follow Elon Musk into the crypto space? Where is the BTC price going from here?

All of those questions will be answered and more if you watch the full Monday roundtable video.

Original article: Should You Buy Bitcoin as Tesla Invests $1.5 Billion?

Source: http://midasletter.com/2021/02/should-you-buy-bitcoin-as-tesla-invests-1-5-billion/

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,599,084,923
Stories:	8,137,967