Cryptocurrency Analysis and News Portal
A Tesla has sold for bitcoin before, perhaps with a side of buyer’s remorse.Back in 2013, Lamborghini Newport Beach sold a Tesla Model S Performance for 91.4 BTC at an exchange rate of $1,126 per coin, according to a CNN Business report at the time. The Model S retailed at
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Bitcoin is unstoppable and over the last year its market cap has doubled and then some. The massive flood of capital has caused the market cap o the scarce cryptocurrency to now surpass many major publicly traded corporations and even fiat currencies. The most recent wave of buying has been driven
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JPMorgan’s strategists were quick to identify the fact that Tesla’s entrance into the crypto space was a major positive factor for the industry.Many crypto analysts and enthusiasts have remained giddy and shown a positive outlook to the news of Tesla’s acquisition of the leading crypto asset Bitcoin. However, leading financial
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Tesla’s $1.5 billion bitcoin investment couldn’t have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues.Specifically,
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Sound bitesNic Carter argued that comparing bitcoin’s energy consumption to Visa’s is missing the forest for the trees. Bitcoin isn’t just a payments network, but a self-contained monetary system that proposes its own unit of account, he argued live on CryptoX TV.“First Mover” is a rundown of the top global
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Bitcoin rally paused after notching a new record high on Tuesday, suggesting that its supersonic rally in the previous session might pare a portion of its gains. Bitcoin corrects lower after hitting $48,200. Source: BTCUSD on TradingView.com Bitcoin corrects lower after hitting $48,200. Source: BTCUSD on TradingView.com The benchmark cryptocurrency headed for its
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Bitcoin’s bull run may be set to intensify as the market anticipates a pick up in corporate demand prodded on by Tesla’s major investment in the cryptocurrency.“Prices can fly very high, I expect other heavyweights to follow suit,” trader and analyst Alex Kruger told CryptoX over WhatsApp, referring to Tesla’s
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The cryptocurrency was more valuable than all but seven of the world's publicly traded companies. Source
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Over the weekend, altcoins began to pull back after an enormous market-wide rally, starting with Ethereum. And while the market looked to be turning bearish, news of a massive Bitcoin buy made by auto manufacturer Tesla set the crypto market on fire. On Bitcoin pairs, altcoins began to hemorrhage across the
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Three stories1. Tesla invested $1.5 billion of its cash reserves in bitcoin, according to a U.S. Securities and Exchange Commission annual report. The popular auto manufacturer said bitcoin offers “more flexibility to further diversify and maximize returns on our cash.” The company had more than $19 billion in cash and
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