How to Earn Money from Bitcoin After Tesla Buy
THE electric car maker tesla is known for bucking convention . that apparently extends to using its own corporate cash to buy bitcoin.
The company revealed in its annual report on Monday that it had purchased $ 1.5 billion of cryptocurrencies as part of an initiative to invest in alternative assets such as digital currencies and gold bullion last month. It said that this would begin to accept bitcoin as payment “in the near future.
Tesla said it held $ 19.4 billion in cash and equivalents as of December 31.
Other companies, including the payments processor Square and the business intelligence software provider MicroStrategy, have publicly said they were investing corporate cash in Bitcoin. Tesla is perhaps the most prominent company to do so. How to earn bitcoins in bitcoin.
The carmaker’s chief executive, Elon Musk, is known for promoting cryptocurrencies on his widely followed Twitter feed. Most recently, he has cheered on Dogecoin, a digital token begun as a joke but whose price has soared after encouragement by Mr. Musk
In December, Mr Musk said on Twitter that bitcoin was “almost” as volatile as the traditional currency. He has previously criticized efforts by central banks to reduce monetary policy to support the economy as “issuing currency on a large scale. I THING ELON MUSK IS RIGHT
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market value now for bitcoin buys
Bitcoin value is now $44,000 as markets recents to after tesla
THE value of bitcoin hit a new all time high on monday as investors recented to news that Tesla had purchased $ 1.5 million of the cryptocurrency and that the car marker planned to accept it as payment
shortly after the news broke bitcoin crossed the $ 44,000 mark for the first time.the milestone comes on the heels of an extraordinary run for bitcoin mining. which has doubled in price since December ,and has recovered from a tumble in late january that saw it briefly fall to around $30,000 this is value of bitcoin news.
BITCOIN SURGE TO A RECORD AFTER TESLA SAYS IT’S INVESTED $1.5 BILLION AND WILL START TO ACCEPT BTC AS PAYMENT .
BIG NEWS FOR THE CRYPTO SPACE THIS MORNING WITH TESLA BUYING BTC FOR PART OF IT’S TREASURY WHAT COMPANY OR COMPANIES SO YOU THING WILL BE NEXT?
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