Tesla invests $ 1.5 billion in Bitcoin
Our regular readers will remember a recent article in which we talked about how Elon Musk single-handedly increased the value of Bitcoin by simply writing about the coin on Twitter. The billionaire also spoke about the cryptoindustry, predicted a great future for the first cryptocurrency. Well, today it became known that the billionaire’s company has invested a huge amount in the development of BTC. Digital gold received $ 1.5 billion from Tesla. Against the backdrop of such phenomenal investments, the value of the coin increased to $ 44,800. Next, we will tell you on what conditions Tesla buys BTC and consider the prospects for this cooperation. Let’s start.
The fact of investment became known from the statements sent to the US Securities Commission. Tesla has provided relevant documentation to the organization. From the statement it became known about the fact of investing $ 1.5 billion in the first cryptocurrency. Note that Tesla emphasizes that the fact of investment is one of the stages of the new investment program. In rethinking its portfolio, Tesla has redefined its budget. Now, a larger percentage is allocated to ambitious projects like digital companies and large cryptocurrencies. Literally immediately after the publication, the cost of digital gold soared to the level of 44 thousand dollars, thereby setting a historical maximum.
Then the coin did not stop and began to rise to the level of 48 thousand dollars. At the time of writing, after a slight decline in value, the price tag is $ 46k. Market capitalization has consolidated at $ 816 billion. This is a new record and a reason to think about the early acquisition of Bitcoin, as many experts say. It is noteworthy that, most likely, Elon Musk was considering acquiring Bitcoins for $ 100 billion. A similar theory can be built based on his question to one of the leading experts in the cryptoindustry.
In a conversation with SEO company MicroStrategy, the billionaire clarified whether it is theoretically possible to conduct a transaction worth 100 billion. Nevertheless, it was decided to stick with more modest amounts for now. But even with the current level of investments, Elon Musk provided tremendous support to the industry and the first currency in particular. And there are suspicions that Tesla will not stop there. Let’s consider possible prospects for continued cooperation. This is our next section.
How Tesla will develop the crypto industry?
It should be noted right away that all of the following is just a possible scenario. Elon Musk has no unambiguous plans for the implementation of the Blockchain, however, he is seriously considering the introduction of modern protocols in the Tesla device. If this does happen and the organization moves at least partially to blockchain, Tesla will truly be the most innovative enterprise in the world. But at the moment, the company is significantly ahead of many representatives of the technology segment, providing completely unique and breakthrough solutions. The possibility of integrating Bitcoin into Tesla car systems is also being considered as a possible project. But, of course, these are long plans. Such deeds do not happen even in a few months, especially if we are talking about an organization of this level. All this takes time, and it all can change.
To stay up to date with the latest developments in the crypto industry, follow the news from the world of Blockchain and technology with us. We publish only high-quality and interesting material. Thank you for attention. Good luck!