Tesla

Elon Musk unfazed by rumored possibility of SEC probe into Dogecoin tweets

Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk’s alleged impact on Dogecoin’s price moves have been circulating on social media over the past day — a phenomenon that one Twitterer has quipped is “peak 2021.”  I hope they do! It would be awesome — Elon …

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Bill Gates warns Bitcoin buyers: If you have less money than Elon Musk — watch out!

Microsoft founder Bill Gates has issued a warning to would-be Bitcoin (BTC) buyers looking to follow Elon Musk’s investment strategy. Speaking to Bloomberg’s Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn’t privy to. When asked about the susceptibility of Bitcoin to tumble in price in reaction …

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Tesla made $1B profit on its Bitcoin buy, says analyst

American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report. An analyst at Wedbush Securities, a private investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” in the aftermath of …

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Elon Musk’s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase

<div class=”featured_image_container”> </div> <strong>Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms.</strong> Experts Question Conflict of Interest in Tesla’s Bitcoin Purchase Tesla is further under …

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Mexican Companies Are Willing to Join the Bitcoin Bandwagon in the Wake of Tesla’s Investment, Says Expert

<div class=”featured_image_container”> </div> <strong>Bitcoin-buying frenzy among major companies could hit Mexican firms soon, as interest keeps increasing across the country. An expert is expecting that local businesses will follow the same path as mainstream U.S.-based companies such as Tesla.</strong> Current Bitcoin Performance Could Make Companies Rethink Their Business Models During an interview with El Economista, …

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US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor

<div class=”featured_image_container”> </div> <strong>Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their …

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Crypto Long & Short: What Does Dogecoin Have to Do With Government Bans?

Dogecoin is not a cryptocurrency you would expect to read about much in this column since it is not exactly an “institutional grade” asset. It has a market cap of over $8 billion at time of writing (less than 1/100th of bitcoin’s), no unique use case and no lively derivatives market. But bear with me …

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El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy

<div class=”featured_image_container”> </div> <strong>The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses.</strong> Document: Crypto Adoption as a Payment Means ‘Is Still Limited’ Per the paper, the Bank of Spain and …

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Cryptocurrency market cap hits $1.4T and surpasses Google stock

Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market cap hit $1.413 trillion, overtaking the market cap levels …

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

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, …

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