- Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.
A handful of bitcoin-related companies listed on U.S. stock exchanges were also buoyed by the disclosure that Tesla CEO Elon Musk, a fan of cryptocurrencies, added bitcoin to the electric car maker’s balance sheet.Tesla’s bitcoin purchase amounts to a minor bet for the fast-growing electric car company with an $800 billion stock market value. However, it bolstered the digital currency’s emerging credentials as a mainstream financial asset.
Companies with much more significant exposures to bitcoin in proportion to their overall stock market value than Tesla have also rallied following Tesla’s disclosure, increasing already strong stock gains driven by the cryptocurrency’s recent rally.
There’s no better sell indicator than this
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Like himself... Dude makes millions everytime he twits.
Musk is a big player💪
No shit that’s how pyramids work
jhamel A bet ? Fiat is a bet. Not bitcoin lol
Written on a car, who's company (in car building) no longer exists. Ironic
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That’s the scheme. You gain just if someone pays more... Ponzi style
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Ah, the big guys are cashing out, are they? Just setting up the kind bagholders. Thanks bagholders.
Wake me up when you up can pay the rent with it.
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Is there any way to get paper/metal bitcoins? I keep my savings in various currencies in a safe deposit box. Don’t trust banks.
Yeah but 100% of them don’t realize that Elon is just another right wing crazy con man.
Strange way to spell dogecoin.
Elon Musk is a genius, he realized that Tesla would not be able to make a profit from electric cars when the world's major car manufacturers switched to electric cars. He used Tesla funds to fry the BTC price. At the same time, the assets in his hand also increase.
I think it’s a huge scam to get everyone to buy into it then those who know it’s a scam all sell off and make insane amounts of money. A lot of people made out like bandits while a bunch of other people were left in their dust.
Isn't this a big money laundering vehicle?
Trump hasn't been jailed yet?
Musk is a very effective hype man.
Buy Doge