Elon Musk has always been proud of the world of cryptography and blockchain technology. A few months ago, he announced that his company, Tesla, was Bitcoin (BTC) It will start accepting and the market has reacted strongly to that. Not much later he came here though On his back. The network must first take measures to reduce the impact on the climate.
Musk has become somewhat of a controversial presence within the crypto community through his statements about bitcoin and cryptocurrencies. Many investors were concerned about the impact it appears to have on the market. Since then, he hasn’t said much about Bitcoin and Ethereum (ETH), but now it looks like it’s hitting again.
Bitcoin to $69,000?
As we now know from Elon Musk, he posted a message on Twitter today with a joke. In his letter he referred to the numbers “69” and “420”. These are numbers that have been close to Elon Musk’s heart for years.
– Elon Musk October 21, 2021
Although the price of Bitcoin has not yet reached the $69,000 price point, it seems that Musk is eagerly awaiting this magical moment.
Tesla
Musk has other reasons to look forward to, besides personally enjoying the $69,000 bitcoin price idea. Tesla bought an astronomical amount of bitcoin as an investment a few months ago.
The company acquired $1.5 billion worth of bitcoin in January. Since then, the company has been green and red. At the moment, the company is making more profit than ever before.
Tesla sold about 10% of its bitcoin wallet in the second quarter of this year. This means that Tesla could add about $272 million to its gross profit in that quarter. worth $2.8 billion. This means that Tesla made a profit of $1.3 billion on the original investment in January. Not exactly a bad investment.
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”
More Stories
Broken smartphone, washing machine or other device? As a consumer you are now entitled to this
Moroccan military spending is declining, and Algerian spending is accelerating
Rats on board freighter delay kiwi season in Zesbury.