Tags : Teslas

Market

Tesla’s Bitcoin Buy May Lead to Widespread Corporate Adoption –

Wedbush Securities, a Los Angeles-based privately held investment firm, foresees the corporate world emulating the U.S. electric car maker Tesla’s decision to buy bitcoin, just not this year.  In a note on Monday, Wedbush analysts called Tesla’s bitcoin investment a “game-changer” for the top cryptocurrency and blockchain technology, adding that it could pave the way […]Read More

Bitcoin

Tesla’s in, but who’s next to buy Bitcoin?

Following Tesla’s $1.5 billion purchase of Bitcoin, the internet is awash with rumors on which high profile corporate entity is next. However, even at this stage of the game, corporate BTC buys attract controversy from the trad-fi diehards. They voice concerns about lowering dollar liquidity and increasing risk exposure to volatility. The case against adding […]Read More

Market

Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand,

While crypto traders foresee major corporates copying Tesla’s decision to invest in bitcoin, investment bank JPMorgan suggests otherwise. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of bitcoin,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note reported by Bloomberg on Wednesday. Tesla, […]Read More

Bitcoin

Tesla’s Investment Puts Bitcoin Market Cap En Route to $1tn

When PlanB released its widely-circulated bullish paper, titled “Modeling Bitcoin Value with Scarcity,” in 2019, he raised many eyebrows for predicting a $1 trillion market valuation for the world’s first truly decentralized cryptocurrency. In retrospect, PlanB noted that certain precious metals, such as gold, have historically maintained a monetary role because of their costliness and […]Read More

Market

Bitcoin Tops $46K for First Time as Market Bets Others

The price of bitcoin blew through $46,000 for the first time ever like a light saber through cotton candy as Tesla’s announcement earlier Monday that it had bought $1.5 billion of the leading cryptocurrency added jet fuel to its record run. UPDATE (Feb. 8, 23:35 UTC): Updates to add bitcoin passed $46k for the first […]Read More