Tesla Bitcoin investment: Tesla has made almost 1 billion dollars in profit from its investment in bitcoin. The company is on its way to making more money from bitcoin than by selling cars and batteries.
Bitcoin (BTC) prize history from 2013 to 23 February 2021 bitcoin was worth over 50,000 USD after the BTC price goes even higher due to tesla owner Elon Musk investing 1.5 Billion Dollars in cryptocurrency.
Tesla Bitcoin investment
How many bitcoins does tesla own
It all started in January when SpaceX owner Elon Musk revealed in the Securities and Exchange Commission’s claim that he bought 1.5 billion worth of BTC. For “more flexibility […] maximize returns on our cash” he said.
He said that “he is too late to the party but […] a supporter of bitcoin.” This is a line with a tweet of May 2020 where he admitted his tweets about cryptocurrency Dogecoins are only jokes.
These are 6 cryptocurrency-related jokers he was saying respectively.
The question that is bothering everyone is that “what price did tesla buy bitcoin.” Well, it is also unclear if he sold any of it yet.
The American jurisprudence on digital assets (eg Bitcoins) is not fully developed due to the fast progress of blockchain technology – now it is making actual relations with agencies, attorneys, and techies regarding the matter.
Meanwhile; the richest man in the world, CEO of SpaceX and Tesla, Inc has 44.7 Million followers on Twitter. We explore to what magnitude Musk’s Twitter activity affects cryptocurrency rate and search volume. 6 related tweets about bitcoin and investing over 1.5 billion USD into BTC have affected the highly trending volume per tweet.
Furthermore, we discover 18.99% for Bitcoin and 17.31% for Dogecoin across different times. Our study shows how social media and well-known influencer works as a pioneer and enhance the trend of blockchain and cryptocurrency all around the world