What do you think about Tesla purchase of Bitcoin?

[Youngdee]

We have had so many rich folks avoid cryptocurrency and many have given bad comments about it. Few people like the billionaire CEO of Tesla Elon Musk has supported Bitcoin and stated in a broadcast that “Bitcoin is a good thing”. Few weeks later he made comments about dogecoin and this made increased the value of the coin. The billionaire bought $1.5bn worth bitcoin and this has made the coin jump 17% to $44,220. The highest record so far.

With the purchase of bitcoin by Tesla boss what do you think of Bitcoin by second quarter of the year?

 

[Ralphjoe]

Tesla has actually seen the huge potential in Bitcoin and they have bought into that potential by purchasing Bitcoin in large quantities. It will amaze every one later in the future to realise the amount of return on investment that Tesla will make with this single investment.

 

[Richard92]

It is ok because bitcoin these days is one of the most popular and trending cryptocurrency in the world tesla purchase of Bitcoin has made Bitcoin to increase in terms of popularity and value.

 

[Ziki]

Tesla purchasing Bitcoin is one of the major reason Bitcoin is currently ranging between 50000 to 60000 USD. So it's a positive thing for crypto traders.

 

[mcjerry]

We have had so many rich folks avoid cryptocurrency and many have given bad comments about it. Few people like the billionaire CEO of Tesla Elon Musk has supported Bitcoin and stated in a broadcast that “Bitcoin is a good thing”. Few weeks later he made comments about dogecoin and this made increased the value of the coin. The billionaire bought $1.5bn worth bitcoin and this has made the coin jump 17% to $44,220. The highest record so far.

With the purchase of bitcoin by Tesla boss what do you think of Bitcoin by second quarter of the year?

As we can see now that this post is now old. I am sure when Tesla bought the bitcoin. The price would have been below $44,000. As we can see the price now, it is now above $60,000. Which means he had made up to 50% of his investment and he will make more of it in days or years to come, because the price will reach $1,000,000. So it is a good one for Tesla