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Home NEWS NEWS BITCOIN Saying Elon Musk is a genius is not wrong, look at him ...

Saying Elon Musk is a genius is not wrong, let's see how much he helped Tesla make from investing in BTC

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Saying Elon Musk is a genius is not wrong, let's see how much he helped Tesla make from investing in BTC

It's not natural for Elon Musk to bring a ton of money into Bitcoin ...

People say Elon Musk is a "eccentric genius", because he often makes many bold and reckless decisions. On February 8, his electric car company Tesla filed a petition with the US Securities and Exchange Commission (SEC) to report buying Bitcoin for up to $ 2 billion.

According to a few industry insiders, Tesla began collecting Bitcoin in January 1, before announcing it to the SEC.

Analyst Alex Barredo said "the majority of the BTC that Tesla bought was at about $ 34,893, with an investment of $ 1,5 billion, Tesla has gathered more than 42,000 BTC," at the time of writing article 21. / 2, the price of BTC 'flew' to over $ 56,300.

According to the Times of London said the job Tesla Publicly entering the Bitcoin market has caused all the attention to be directed to Bitcoin, thereby helping the value of this coin to go higher and higher.

“Bitcoin has its current price, largely thanks to Tesla and Elon Musk. Tesla's investment of $ 1,5 billion in Bitcoin has made the world's number one electric car company more profitable than last year 's car sales "

“It is estimated that Tesla made a profit of $ 930 million from its Bitcoin investments in January - almost 1% higher than Tesla's total 30 car sales (Tesla car sales in 2020. reaching 2020 million USD) ”

Tesla recently invested in Bitcoin and has made a profit of more than a year selling electric cars.

To help BTC price rose, Elon Musk actively tweeted about Bitcoin. This CEO has repeatedly shared pictures of Bitcoin, questioned Bitcoin on twitter, discussed the possibility of applying Bitcoin with other executives ...

Most recently, to celebrate Bitcoin's rise to $ 56,000, Musk changed his profile picture to Bitcoin.

elon musk changed to btc profile picture

Recently, on Bloomberg, Musk said: "Holding BTC is simply a form of liquidity less dumb than cash."

Not only did Elon Musk make a profit from Bitcoin, but he has helped Tesla's stock rise 2% since the news of Tesla buying Bitcoin was announced.


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