That's a massive investment recorded by musk and its team to invest with such audacious amount of money into Bitcoin. That shows, Bitcoin has a future, and they want to make their own gains too.
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Don't give up on Cryptocurrency investment @Bookwormlux. Only persistency and passion can keep you going to you achieve what you came for.Crypto Currencies trading involve a whole lot of risks and you can see that as at today, Tesla have made more than enough profits from this particular investment. I won't give up on crypto currencies.
Thanks, I keep believing that I will also make my breakthrough in Crypto Currencies. It's not easy though, but we just have to keep pushing against all odds.Don't give up on Cryptocurrency investment @Bookwormlux. Only persistency and passion can keep you going to you achieve what you came for.
I don't think Elon musk Tesla motors company are at lost at this time. The coin is improving, valued at $46,000+ at this time. Elon musk invested with his Tesla motors company when the price was around $30,000-$35,000.Tesla invested $1.5 billion in Bitcoin, I am not sure but I think back then the price was somewhere around $50K, which means, Tesla is still at loss. However, another company SpaceX, also owned by Musk, invested in Bitcoin when it was $30 or $40K.
Absolutely, I also feel that they took enough profits before prices of cryptocurrencies began to drop and so they ain't in losses .I don't think Elon musk Tesla motors company are at lost at this time. The coin is improving, valued at $46,000+ at this time. Elon musk invested with his Tesla motors company when the price was around $30,000-$35,000.
Elon musk and his company can never be in Loss of investment around Cryptocurrency. Elon musk will rather start in the morning to preach about the benefits of the coin he invested to entice more investors investing into it for him to gain.Absolutely, I also feel that they took enough profits before prices of cryptocurrencies began to drop and so they ain't in losses .
With the huge amount of Bitcoin holdings of Elon Musk the only recourse is for him to push up the price otherwise his $1.5 billion will stagnate. If he deposited that amount in the bank it will earn more than 5% in a year. That is very minimal but that is sure money.Elon musk and his company can never be in Loss of investment around Cryptocurrency. Elon musk will rather start in the morning to preach about the benefits of the coin he invested to entice more investors investing into it for him to gain.
That's bizarre earnings for Elon musk to consider investing his hard earned money in the bank for the period of one year to earn so minimal in nature.With the huge amount of Bitcoin holdings of Elon Musk the only recourse is for him to push up the price otherwise his $1.5 billion will stagnate. If he deposited that amount in the bank it will earn more than 5% in a year. That is very minimal but that is sure money.
Hmm, only Elon musk knows the reason why he delisted BTC as payment method for his Tesla motors. He's simply promoting dogecoin to reach the level of BTC I'm guessing so.When Tesla bought this huge amount of bitcoin , the price if bitcoin was affected positively. Also , they sold some of their bitcoin after some weeks and disabled bitcoin as payment method for Tesla cars .