Elon Musk (Tesla) buys Bitcoin worth $1.5 Billion.. Another BIG news for BTC
Today is one of the biggest days in crypto as Tesla bitcoin buying is one of the great news. Right now its the biggest news in the crypto space is that Tesla has invested $1.5 billion in Bitcoin and the crypto market is going up and up.
We updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity,” the document filed by Tesla showed.
This is a document shared by Tesla with US SEC and its available in the website. You can go through the link to get all the details mentioned.
After Microstrategy and Grascale this is another entry that will drive the Bitcoin price forward and it will be one of the milestones to take BTC price higher. Recently Elon Musk had updated Bitcoin in his twitter and that increased BTC price quite a lot and now the purchase of it will help even more to take the price to the moon.
Bitcoin price has gone by over 115 just after this news and this is hot news of the day. Institutional investment is the reason behind the price increase of Bitcoin and this will definitely take it way higher as few giants have entered in crypto space.
This chart shows that price is moving upwards and I this will not be a surprise if we can see it touching 50k USD soon. There are many big companies out there and I also hope that they will follow the trend so if some more companies buy Bitcoin then its going to help the crypto community even more.
Elon Musk has been in the news and even on social Media for sometime because of Bio update and Doge coin thereafter. Doge coin is still doing good and its because of the tweet posted by Elon. News play a vital role in crypto market and this year 2021 has been great so far with many good news.
I hope that someday Elon talk about our Hive coin and if this happens then we would be able to witness huge attention by the community. If doge can have the Hive is way more better than than truly deserve to have more likeminded people here.
Thank you so much
Have a great day
Posted Using LeoFinance Beta
