Post
Topic
Board Bitcoin Discussion
Re: Tesla buys 1.5 BILLION worth Bitcoins !! Good or Bad ?
by
Traderbtcc
on 16/02/2021, 15:46:58 UTC
It must be good for Bitcoin. Any time a big company invests in Bitcoin, the price goes up. So Tesla may drive the price to $50K.
The price goes up due to F. A, it's normal whenever there's a good news about how bitcoin is accepted or bought by a big industry the price starts pumping immediately most times its fomo, people don't want to miss out on the pump I can remember when PayPal accepted bitcoin that was the beginning of this crazy pump Grin, anyway IMO even without tesla buying bitcoin it would have still hit the $50k  mark, it was always going to happen although it would have taken a bit longer to happen maybe a few weeks or a month.