Tesla Will HODL Bitcoins From Car Sales!
24-MAR-2021
Elon Musk, 'Technoking' of Tesla made a Tweet today. Yes, it's happening! One of the major checks on the ongoing Crypto Adoption all over the world. BTC's price has been soaring since the Tweet came out. Musk's Tweets have moved the price before so it's not a surprise. He has been advocating for Bitcoin & Blockchain on his Twitter account & many times he has criticized conventional money. The whole #cryptotwitter is flooded with the reactions to this News.
Last month Tesla acquired $1.5 Billion worth of Bitcoins.
Elon Musk owns over $5 billion in Bitcoin via Tesla, SpaceX and in Personal Holdings.
Fluctuation in the market today is majorly due to this News coming out through a single Tweet. Many altcoins also got to see the upward trend. Did you check the #hive's price? It's above $0.60 right now and last night it was over $0.70 at some point. Summer is generally great for Altcoins but it's Bitcoin who has a much larger impact on the market.
In This For The "Long Term"
He made two other tweets in addition to the one mentioned in the above section. These tweets represent the future goals of the company which will influence the investor sentiment.
It's a good news not just for the US Residents but outside as well. "This will diversify and maximize their returns on cash", Musk mentioned.
Elon Musk shared his intention of HODLing his Bitcoin for the long term. The reason Tesla is operating Bitcoin nodes directly, it will make its pot bigger and expected sit on it for a very long time. There are still so many businesses out there who are yet to start accepting Cryptocurrency as payments. Once big corporates start doing it, adoption will take a higher pace.
Elon Musk Must Get Some Hive
What HIVE can learn from this?
We need someone influential like Elon Musk to vouch for HIVE Blockchain. I know it sounds crazy, although not impossible. What's possible is to reach out several other Influencers, Investors & Crypto Enthusiasts on their Social media accounts and let them know about this mind-blowing Blockchain. Elon is not the only influential person in the world. They are unlimited in number, just don't compare the number with world's population.
Infact, we don't need them just to talk about HIVE but invest in it and its tribes. Real Price Mover. This will add onto the Blockchain's integrity. When someone who is invested in HIVE & Believe in it, they will do their best to shill the platform at every chance they get. We need them to HODL HIVE for a very long time. We also need to create micro influencers from the existing HIVE users. For starters, we can use Twitter to promote various applications, use-cases & Projects currently ongoing on the chain. We can interact with other folks who are constantly looking for new Blockchain Projects to get into. @nathanmars is doing an amazing job on creating a bigger impact on HIVE Twitter. Everyone on HIVE, who is on twitter should follow him and his activities to grab opportunities to promote the chain.
Adoption is a long term game & we need as many people as possible to be on your side. Network effect will come into play and we might find our 'Elon Musk' just like Bitcoin found its own.
What do you think about this news? Please leave a comment below! Also don't forget to upvote & rehive this post in case you found this interesting.
Posted Using LeoFinance Beta
