CD Media
Markets

Bitcoin Hits New Highs After Tesla Gets Crypto Religion

Screenshot cryptocompare.com

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

A Good Review For Monday’s Opening…While Everyone Waits For Powell, Here’s What Wall Street Thinks Will Happen Next

CD Media Staff

Market Presses Against Resistance As EU Approves Massive Pandemic Bailout Fund

CD Media Staff

Boom!ng Economic Numbers Days Before Election…Trump Economy Roars Back

CD Media Staff

Leave a Comment

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

Clicky