CD Media

Bitcoin Hits New Highs After Tesla Gets Crypto Religion


Bitcoin Hits New Highs After Tesla Gets Crypto Religion

Elon Musk revealed today in a 10k filing that Tesla has bought $1.5B of the first cryptocurrency, Bitcoin, and will accept Bitcoin at Tesla for payment going forward.

Which is just the start because now that Tesla has broken the seal – and seen its stock surge in response – expect every other company in the S&P to follow in Tesla’s stock-boosting footsteps and convert a little (or not so little) portion of its cash reserves into bitcoin, sparking Bitcoin’s next ramp higher to $100,000 and beyond, wrote Zero Hedge.

With the Biden administration busy furiously debasing the USD even further, alternative reserve currencies will be in high demand.

CDMedia is having to harden our servers and its expensive, shameless plug for support…we are fighting the good fight but it’s difficult at the moment…  DONATE!

Related posts

Here Comes The OBiden Recession, Stagflation As US Economy Shrinks

CD Media Staff

Bank Of Russia Cuts Interest Rates

CD Media Staff

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!