Post
Topic
Board Bitcoin Discussion
Re: Tesla make 1 billion profits from it Bitcoin holding
by
josephdd1
on 15/10/2021, 13:48:08 UTC
As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

You don't get profit until you fix it. I mean that in the case of a bear market, when Bitcoin can halve and you haven't sold it before, it won't matter how much it cost some month ago, you will just see this red figure.
But anyway, this news about profit of Tesla is quite good as it shows that big companies are really interested in Bitcoin and continue investing in it and holding it.