What do you think about Tesla purchase of Bitcoin?

[Ralphjoe]

I think Mr Elon Musk is a very strategic investor who knows the kinds of investment that will be viable and cryptocurrency is one of the most viable investment currently in the world. Anyone that is not dealing on cryptocurrency it's like all lost person in the world.

 

[Dowenship]

After there purchase it was discovered that bitcoin surge up to $44k after Tesla makes the public announcement! It shows that big business are now committing there future into bitcoin and crpyto currency in general.

Also let's not forget that elon musk also as some investment into bitcoin. We heard that of elon musk because he made mention of it what of other richest gurus. I know some senators invested in it today.
Quote of the day!
Always be Happy, there nothing in the world you leave in that's permanent, it will surely go by and joy will come.

 

[Bookwormlux]

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?

I see Bitcoin rising towards $100k before the end of this year. With Tesla purchase, many more investors are venturing into Bitcoin and it's not small investment they are making. So many potentials in Bitcoin.

 

[Junaid]

In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for "more flexibility to further diversify and maximize returns on our cash." ... The 1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments

 

[springtech]

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?

We have seen the effect the whales have on the price of cryptocurrency. This year, it has been from one institutional investment to the other investment massively in bitcoin, thus driving up the price .
Already it has been predicted that BITCOIN price might go as high as $100k this year.
This might happen before the 3rd quarter. To be or bot to be remains to be seen.

 

[ahmedo24]

It is likely other Crypto currencies will also be bought too, Ripplex might approach the the Tesla CEO to invest in it coins and this may be a booster because ripple stands for how best payment can be made seamlessly.

 

[Suba]

Tesla's purchase of Bitcoin is good news for retail investors not to rush to sell Bitcoin, it's better to hold Bitcoin at least until the end of the year, because more and more institutions will buy Bitcoin, On Twitter yesterday, Feb 16.2021, MicroStrategy is also planning will buy $ 600 million worth of Bitcoin. So my estimate is that in the second quarter the Bitcoin price will be over $ 70k

 

[Abezol21]

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?

Tesla buying $1.5 billion in BTC is interesting. Am assuming they haven’t hedged it, so they will either be cash rich in the future or have a hole in the balance sheet. Given Bitcoin’s current environmental footprint, the deal flies in the face of Tesla’s purported interest in moving the world to cleaner sources of energy and commerce.

 

[BrolySSJ]

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?

I think that the movement of Tesla into the Bitcoin field is a terrific thing because it not only shows the confidence that this large company has in the cryptocurrency world, but that in itself is a way to advertise Bitcoin. I think that many other companies are likely to follow in these footsteps and this will probably increase the price of Bitcoin drastically in the second quarter.

 

[Iamsodex]

It's a great feat for Bitcoin (I expect more great news for btc though) and every other crypto currency because it definitely affects the adoption of crypto transactions. Having the backing of the richest man in the world is a great affluence

 

[Mawome]

Tesla purchase of Bitcoin? How? Do you mean buying and selling Bitcoin or something else, expanciate more so we can understand, from what I know about Bitcoin, is that if you buy when the price is low you stand a chance to gain more in the future when the price appreciate.

 

[Bookwormlux]

The second half of the year is almost here and BTC has continue to rise like we all expected. Even though it's currently on a low compared to how it was early this month. I believe it's Time for buyers to set in.

 

[Mostee501]

My thoughts on tesla purchase on bitcoin is that, it will make the value of bitcoin to increase and also influence the cryptocurrency market .

 

[Kingsley]

Tesla coming into the fold is a very welcome development in the system and it has boost the system mostly for those smaller coin that depends on bitcoin for their growth. So they have made a wins investment decision

 

[kayode10]

It is a good sign which shows that bitcoin will continue to rise in the price and it is one of the safest investment out there. these are the things they company say before they could invest in the Bitcoin. Though bitcoin seems to be expensive now, but it will be much cheaper compared to the Future price when the value of the Bitcoin rises

 

[Ehizzy1]

They have more faith in the price of bitcoin that is why they bought bit co in, but it seems bitcoin have been falling for some time , i hope it moves higher

 

[Victor001]

It's a good investment in the right direction, atleast he appreciates the concept of hold and multiply and he is aware of the circumstances.

 

[richee84]

Tesla has play a very important role in increasing the value of bitcoin after purchasing over a billion dollars worth of bitcoin. Tesla has a great influence in the mind of people out there. Most people will have more confidence to invest in cryptocurrency after Tesla decision to buy it.

 

[Bookwormlux]

Tesla team have seen the future and I am hopeful that they would be accepting crypto currencies in the future as payment for their cars.

 

[MercySmith]

One will be surprise why Elon Musk did not purchase Dogecoin but rather went for Bitcoin. Well I guess it's because of the reputation of Bitcoin.