Elon Musk is making advances in the direction of a billion dollar Bitcoin investment

A lively Bitcoin debate broke out on Twitter between Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor, which made waves in the crypto space. Michael Saylor used a suggestive post from Musk for free investment advice.

According to Saylor, the charisma of a Tesla entry into Bitcoin could also entice other S&P 500 companies to invest, thereby boosting BTC market capitalization and quickly increasing the value of a 100 billion USD investment by ten times.

The simple calculation finally worked out in the case of MicroStrategy: Since the listed software company shifted around 475 million US dollars of its cash reserves into BTC, the investment in the course of the Bitcoin Bull Run has reached a current value of over 958 million US dollars more than doubled.

Musk, who is not a blank slate when it comes to cryptocurrencies, then joined the discussion again and asked Saylor whether transactions of this magnitude were even possible.

Saylor’s answer was not long in coming. An unmistakable one: Yes. He himself has invested 1.3 billion US dollars in Bitcoin in the last few months and would like to share his “playbook” with Musk, from one rocket scientist to another.

coin TheBitcoinNews 1 7

bitcoinlinux.com – source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. bitcoinlinux.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.

Everything on this website can be seen as Advertisment and most comes from Press Releases, bitcoinlinux.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.

Advertise with us : Advertise

bitcoinlinux.com/

Post source: Elon Musk is making advances in the direction of a billion dollar Bitcoin investment

More and Cryptocurrency News on bitcoinlinux.com

Sending
User Review
0 (0 votes)