Tesla invests in Ethereum
Yes , bitcoin's crazy rise has made many people unable to sit down, including Tesla CEO Elon Musk who also expressed his interest in bitcoin
On Sunday (December 20) local time, musk asked a well-known digital currency advocate about the possibility of converting the "big deal" on Tesla's balance sheet into bitcoin. The exchange between the two people excited the cryptocurrency circle, and people speculated that Tesla might buy bitcoinMichael Saylor, the CEO of MicroStrategy, publicly suggested that musk convert US dollars into bitcoin
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seller is willing to share his experience with musk offline:
seller is one of the most powerful supporters of bitcoin. The nearly $500 million bitcoin bet he disclosed this summer has more than doubled its current value. MicroStrategy also announced this month that it has raised more than $600 million by issuing bonds to buy more bitcoin
"If you want shareholders to make an extra $100 billion, convert the dollars on Tesla's balance sheet into bitcoin," Mr. seller wrote. Other companies on the S & P 500 will follow your example, and over time, the $100 billion will become $1 trillion. Facing the unprecedented monetary expansion this year, every CEO is faced with the challenge of how to maintain and enhance shareholder value. Bitcoin is the best solution for every indivial, investor and enterprise on earth to store value. "then musk replied," is such a big deal possible? " "Yes, in the past few months, I've bought more than $1.3 billion worth of bitcoin, and I'd like to share my experience with you offline," he said
From the perspective of optimism and futurism, this is the most noteworthy news so far, which opens a new era for mainstream law adoption. From the perspective of humanity, Tesla's approach is to harm thousands of employees and millions of people who may be affected in the future. First, from a future perspective, the world will change and the monetary system will adapt. Unlike the US dollar or euro, bitcoin is a scarce and limited asset. If both parties agree to the agreement, the transaction will continue. Bitcoin is a technological breakthrough. At first, bitcoin was considered as currency
In some countries, this is a trading tool 
in addition, since the outbreak of new crown in 2020, this kind of thing has become the norm, not the exception . In Tesla, everything is like the future except for its employees, who have been accused of failing to pay overtime and offer proper leave. In 2021, Tesla has refused to pay its employees' pensions for three consecutive years. In this case, you might think that Tesla is in short supply. But according to the latest financial report, Tesla holds nearly $20 billion in cash and equivalents, up from $6 billion a year ago. Only now, it will invest 10% of its cash in high-risk, volatile assets, and legally and morally use the money flowing to its employees for gambling
According to the official annual report of the securities and Exchange Commission, form 10-K, Tesla has invested a total of US $1.5 billion (about RMB 10 billion) in bitcoin, and expects to accept digital assets as a payment option in the near future. Tesla is expected to begin to accept cryptocurrency as a means of payment, according to the report by Bloomberg. Before that, musk, the founder of Tesla, was still selling dog coins. Stimulated by the news, bitcoin soared instantly. By the time of publication, bitcoin had soared by more than 15% and stood at US $44000. According to bitcoin home, the market value of bitcoin has exceeded US $820 billion, surpassing that of Facebook (at US $758.619 billion) compared with the market value of well-known companies
at the same time, the block chain related to cryptocurrency also soared. The blockchain plate of the US stock market rose in the short term before trading. Before trading on February 8, the blockchain plate of the US stock market surged in the short term. For a time, the ninth city rose by more than 28%, riot blockchain rose by more than 20%, marathon patent group rose by more than 25%, Jianan technology rose by 19%, and bit digital, Inc rose by more than 24%
On February 8, 2021, the price of bitcoin continued to rise, up nearly 15%. It broke through $44000 for the first time. Tesla purchased 1.5 billion bitcoin at one time and used this part of assets to replace part of future cash reserve assets. Tesla may also use bitcoin as a new proct payment method< for the investment of bitcoin, musk has already started the layout long ago. Bitcoin has become a new system of the world monetary center, which deviates from its original intention
the purpose of Tesla's large-scale purchase of bitcoin is to issue its own shares under the name of blockchain, and its essence is & quot; Laying eggs with chickens;, The bitcoin market is currently facing unregulated, although the big guys are full of interest in it, and actively guide it as an acceptable issuing currency in the mainstream market, but in fact, the impact of this payment mode on the future market is unknown
because of this announcement of Tesla, the price of bitcoin rose by 10% on February 8, reaching the highest price in history. It can be said that every time Tesla makes a big move, the price of bitcoin will rise. The president of Tesla is also a fan of bitcoin and often makes comments about bitcoin. Every time, it will increase the price of bitcoin a lot
I think it's very likely that the president of Tesla is playing hard to get. It is likely that this is to achieve a certain purpose. Because as a successful businessman, bitcoin should not be so valued. After all, it is a virtual currency, which is likely to lead to the collapse of the economy. Therefore, there must be a big move to make such a move. Driving the growth of bitcoin economy. Let bitcoin go all the way from this year, reaching a very high level
what is bitcoin the concept of bitcoin was proposed in 2009. It is a kind of virtual currency in the form of P2P. This kind of currency is generated through extremely complicated calculation process, so many people buy bitcoin mining machines and go to many places to mine. Mining here means mining on a computer to get bitcoin. Generally speaking, many countries are reluctant to use bitcoin as a currency, because bitcoin has a little impact on the real economy, and because of its virtualization, it leads to a currency that is not very stable, and is likely to fall sharply. This leads to the economic instability of the country
bitcoin, the richest man in the coin circle, has made 100 times of investment income. Tesla's musk, Meitu and other enterprises have bought bitcoin, and their intervention positions are relatively low, which makes them all make a lot of money with the continuous development of our economy, the popularity of the Internet is getting faster and faster, and emerging instries are also developing. Bitcoin, as a representative of emerging instries, has been sought after by many people, which also makes many people make a lot of money. Bitcoin, the richest man in the coin circle, has made 100 times of investment income. Many successful entrepreneurs and companies have invested in bitcoin. Tesla's Musk bought $1.5 billion of bitcoin at $40000, and listed company Matteo also bought more than $40 million of bitcoin after consideration, which makes them all make a lot of money
I will not buy bitcoin myself. The main reason is that the price is too high. The price of a bitcoin is more than 300000 RMB, and the fluctuation of bitcoin is very large. Most people can't bear it, and the risk is relatively large. I don't recommend ordinary investors to participate in bitcoin, because it is a high-yield and high-risk project, which is difficult for ordinary people to grasp
Musk, the boss of Tesla, is also a famous figure. His ambition is great. Leading people to migrate to Mars is his ultimate goal. His Tesla and other investments are in pediatrics. Bitcoin also reached more than 10000 at the beginning of 2021. Musk rushed in at this time, which should be affected by the price
The development of Tesla is also very smooth. Tesla has built factories in Shanghai, Germany and other places. Musk's layout is to sell Tesla to people all over the world. Although the German Tesla factory has not been successfully built, the factory in Shanghai has been completed with the strong support of the Chinese government, And started making Tesla cars. Musk has positioned Tesla as a high-end series. Although Tesla is a new energy vehicle, with its own sense of science and technology, Tesla is also worth spending a lot of money to buy. Tesla has a deeper significance to China, that is to drive the development of China's new energy vehicle instry. Before the construction of Tesla factory, the gimmick of new energy vehicles in China was greater than practical work. Either the cars could not be built, or the cars were of poor quality and poor practicability. The arrival of Tesla greatly solved this problem
well, the above is all my opinions. Thank you very much for reading here. If you have any other opinions and suggestions, please leave a message with me in the comments area
Ron Baron, a major shareholder and billionaire investor of Tesla, believes that Tesla's revenue will reach $1 trillion in 10 years. Baron's namesake investment company holds nearly 1.63 million shares of Tesla. He said Tesla didn't sell any shares, saying it was just the beginning
this article comes from the author of auto home, which does not represent the standpoint of auto home