Tesla Bitcoin bet could be ‘game changing’ if other companies follow suit, analysts say

  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

TESLA has made a potentially 'game changing move' by investing heavily in Bitcoin, analysts have said, as other companies could follow suit.

This week, it was reported that Elon Musk’s electric car company had purchased $1.5 billion worth of the cryptocurrency. The company also said it would start accepting Bitcoin as a means of payment.Following the news, Daniel Ives and Ygal Arounian, analysts for wealth management firm Webush Securities, said investors will be “watching closely” to see if other companies now do the same.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Buy Bitcoin before it’s too late!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Tesla insider’ leaked huge bitcoin investment on Reddit over a month ago but was laughed at'I told you so,' anonymous Redditor posted after the company announced $1.5bn investment Hex HarleyPlays How big of a mansion you gonna get my rich bitcoin dude!
Source: The Independent - 🏆 80. / 59 Read more »

Tesla $1.5bn bitcoin purchase triggers new record high – business liveRolling live coverage of business, economics and financial markets as US electric carmaker promises to accept payments in cryptocurrency Well done Guardian! Your relentless lies, FUD and negative Bitcoin stories shafted your readers! 😂 Oh please Bitcoin, crash to 0. The Biden admin cuts oil and gas back and you think the stimulus package is the cause of an increase in price? Learn about supply and demand, then rewrite your article.
Source: The Guardian - 🏆 84. / 53 Read more »