In a massive turn of events for the entire Bitcoin community, Elon Musk’s Tesla has filed with the SEC, revealing that the company has bought a whopping $1.5 billion in Bitcoin this January. The price of Bitcoin has surged to a new all-time high above $42,000 as an SEC filing revealed that Tesla has bought...Read More
A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear...Read More
A new survey by Deutsche Bank recorded investors’ opinions on Bitcoin. Respondents were asked specifically about the digital asset as well as electric car company Tesla. More than half of people surveyed (about 56%) now think that Bitcoin and Tesla are more likely to halve than double in value. Source: Twitter A majority of respondents...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
Comparing Bitcoin with the traditional asset class and commodity assets such as gold has been a common theme in 2020. However, while most assets were unable to compete with Bitcoin’s ascendency in terms of RoI, Tesla did it better. In fact, almost 3 times better. In order to understand the dynamics on a grander scale,...Read More
Michael Saylor, CEO of MicroStrategy and the man who put $800 million in Bitcoin this year, is possibly one of the strongest advocates for the bullish narrative around Bitcoin, despite his skepticism about the same a few years ago. Unsurprisingly, today he is of the opinion that more institutions should make allocations to the crypto-asset,...Read More
There are only three reasons why you take pleasure in an asset’s price fall. Either, you shorted it, knew it would tank, and didn’t buy it, or you enjoy seeing it lose value. In the Bitcoin market, or should we say the anti-Bitcoin market, this sentiment is quite popular. Given the deep disruptive nature of...Read More
Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street. This only goes to show how small the digital asset field is compared to the giants, as their one-day combined...Read More
The DeFi space continues to surge in popularity as the total value locked in protocols quickly approaches $7 billion. One of the protocols leading this increase is Aave. But it’s definitely not the only thing that’s capturing the market’s attention. Elsewhere, in the field of traditional finance, the price for Tesla stocks is up more...Read More
It’s no secret that Elon Musk’s Twitter feed is weird, to say the least; his activities on the platform are eccentric, with the tweet being published representing some of the Tesla CEO’s quirkiest and funniest thoughts. This was proven to be true on March 3rd, when he published the below tweet, professing his love for...Read More
Tesla’s parabolic rally is strikingly similar to bitcoin’s but equating the two assets is just plain wrong. | Image: JACK GUEZ / AFP Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020,...Read More
Cryptocurrency exchange, Binance, has announced a Christmas ‘Give Away’ of a Tesla Cybertruck and $50k of TROY tokens. Of course, ‘Give Away’ might be a slightly misleading description, as receiving the truck will require a shed-load of TROY trading (and trading fee spending) on Binance. Binance Give Away: Terms And Conditions Apply Binance announced its Christmas...Read More
Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.The post appeared first on NewsBTCRead More
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions. Yesterday we wrote of how four years after Porsche showed us the original Mission E concept, the 2020 Taycan is...Read More
Four years after Porsche showed us the original Mission E concept, the 2020 Taycan is finally here showing that there is a real alternative to the Tesla Model S that has ruled the large luxury electric sedan roost. It seems Tesla (TSLA) is getting some real competition and it just might help it. If this...Read More
The World Artificial Intelligence Conference kicked off in Shanghai Thursday with a much-anticipated keynote summit between Alibaba founder Jack Ma, and Tesla CEO Elon Musk debating the future of AI. At the 2019 World Artificial Intelligence Conference in Shanghai, visitors could attend an immerse debate between Tesla and SpaceX CEO Elon Musk and Alibaba founder...Read More
Elon Musk relaunched Tesla’s residential solar-power service: for $50 monthly, you get all the necessary panels and other hardware, plus installation, support, and ongoing maintenance. Tesla (TSLA) is trying to fire up its solar-panel business by letting consumers rent their rooftop systems rather than buy them. Tesla CEO Elon Musk announced the offering in a...Read More
