Tesla & Elon Musk Bitcoin Investment of $1.5 BILLION (BTC)
Hey there, it’s Mike Swigunski here and I’m the founder of global career and best-selling author of Global Career: How to Work Anywhere and Travel Forever.
Some really great news for any bitcoin enthusiast and bitcoin investors like myself the cryptocurrency space has been going crazy in 2021. Elon Musk and Tesla’s announcement has acquired more than 1.5 billion dollars worth of bitcoin has insanely skyrocketed the price from around 39 000 for one bitcoin up to an all-time high of 48 000 per bitcoin. Now, this is crazy news. I think this will be the first domino in a huge trend of large companies investing in bitcoin. One other piece of information to note is that tesla will pro potentially accept bitcoin as a future payment option.
So if you’re looking to buy a tesla instead of just paying with USD, you’ll have the option to buy your tesla with bitcoin, and this is excellent news for the cryptocurrency industry. I think this is again just a small domino. Many other companies will potentially hop on this bandwagon. There’s a lot of speculation that Apple could be one of these next big companies. They haven’t officially started anything yet. Still, many headlines say that this could potentially be the next big company to get into bitcoin because they have such a significant user base they have access to the app store and have access to the wallet.
They released an apple branded credit card with Goldman Sachs. They could potentially have the option to capture millions or even billions of people who could store bitcoin on their iPhone in this wallet. They could buy bitcoin through the app store or apple directly themselves, so many crazy options could happen for bitcoin in the near future. I just want to show you here the prices of bitcoin. What happened with it over this crazy jump so? Essentially on Monday, February 8th, the price was trading around 39 38 000 per one bitcoin. It skyrocketed up to about 48 000 per one bitcoin. I want to read this quote; I think it’s really powerful. Essentially, Tesla announced all this information on their annual report. They’re looking to diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.
This is essentially what Tesla said at a board committee, and they’ve approved these changes for company rules on investments, so this is excellent news for space. It’s going to be interesting to see what happens in the cryptocurrency space after this. I’m extremely bullish on bitcoin and cryptocurrencies. I’ve been investing in cryptocurrency for more than three years now since 2017. I’ve stayed consistent over time with dollar-cost averaging, and I really think that bitcoin and cryptocurrency will pick up steam over the next year. I think 2021 will be this huge breakout with cryptocurrency. I think one of the catalysts will be the GameStop and wall street bets community. Everything that they experienced was kind of showing the strengths of why bitcoin and cryptocurrencies are so strong.
Because they aren’t as regulated, they can’t just stop you from buying them. There’s a lot of other great reasons behind why bitcoin will be the future of currency. There’s a lot of great reasons behind this. I know a lot of times it can become complicated. Still, we’ve seen a lot of companies getting into space into the cryptocurrency and especially into bitcoin PayPal is one of the big companies that has allowed you to now buy bitcoin through PayPal, and again, you’re not purchasing the bitcoin through there, so you don’t actually hold the keys. Still, also a lot of these companies are making it more accessible to millions of people, and these are all huge steps for bitcoin to become more mainstream. I predict by the end of 2021. I think it’ll reach that hundred thousand dollar mark per one bitcoin and continue going up from there.
Now, if you’re not familiar with bitcoin, there are only 21 million bitcoins in the world, and after that, after they’re gone, they’re gone. There won’t be any more uh printed or accumulated or mined. There will be no more production of it, so that’s one of the big draws. One of the reasons it makes bitcoin very valuable is because it is a finite amount of bitcoins out there, and there are only so many that can be mined. Over time it’s getting harder to mine these bitcoins. It’s getting more complicated and more energy reliant on mining these bitcoins over the next year. I think it’s going to be a huge breakout. There are so many companies getting into space. There’s a lot of big money, significant venture capital, big companies like PayPal talks about apple, and tesla will be at the forefront of this. They’re one of the earlier adopters.
They’ve kind of come out with this news about acquiring 1.5 billion dollars worth of bitcoin. There will be other companies that say, hey, you know we should pursue this Tesla, and Elon Musk is kind of riding this path. They’re saying it’s okay. I think a lot of other people are going to jump on the bandwagon. You know Tesla is saying essentially. This is okay. This is a good strategy for our company, and a lot of other big corporations are going to start considering this now. They’re going to start looking into this to see if it’s a viable option. I mean, companies like Apple have billions of dollars just sitting in cash reserves. You know why not utilize that into cryptocurrency and essentially accumulate more money out of that billions earn way more interest over time.
So there’s a lot of creative ways that companies can use this extra capital to earn more money increase the value of their stocks, and just use all that extra cash to reinvest in the business into new products or new r d or new marketing program so there’s a lot of benefits behind this and essentially just having that amount of cash in liquidity or cash is not a great use of your money significantly when bitcoin is rising at such dramatic rates over time it is a lot more volatile. Still, again at the end of the day, it’s going to return way more cash than just leaving your money in the bank. I’m going to link a video up here if you’re interested in learning about my bitcoin strategy and my investment strategy. I completely break down everything I’ve been doing over the past three years and how I personally invest in bitcoin. You’re going to want to check that video out because, at the very end, I show you how to get up to 250 in bitcoin.
Again if you’re into cryptocurrency, give this video a big thumbs up uh if you’re not interested yet, if you’re not digging cryptocurrency, leave a comment below and let me know what your thoughts are; I’m curious to know what people think about bitcoin and cryptocurrency and again thank you so much for your support please consider subscribing I’m releasing more than two new videos every week and make sure you hit that subscribe button turn on the notification icon to get alerted about all the new videos that I’m publishing every week take care and have a great wonderful day and have a great rest of your day.
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