Tesla Buys $1.5 billion of BTC

Bitcoin sits at $47,000 thanks to Tesla. The newly published 10-K filing reveals that in January 2021, the company bought $1.5 billion dollars worth of bitcoin. Honestly, it was inevitable after Elon Musk tagged #bitcoin in his Twitter Bio on January 29. Moreover, Tesla may soon accept crypto payments with a likelihood of holding even more Bitcoin rather than cashing out once payment is received. 

Bitcoin is here to stay. Like Alexander Lorenzo always says, “Get with it or get left behind”. 

Picture source from Rohail Saleem