Quote from: Tellek Garing on Today at 07:10:52 PM

Quote from: rozak on November 07, 2021, 05:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 04:33:14 PM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Am just wondering how much the Tesla bitcoin holdings will yield at this season where bitcoin market is on a bull mood, I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

Possible but if you do base on how he much profit on Tesla purchase then its impossible but for sure there might be some unknown purchase of crypto specially bitcoin or some altcoin which did really add on his richness.

We cant tell on whats happening behind the curtains but for sure it did really involved some crypto profits/investment for now then we can only
speculate but we don't know on whats happening behind.

Normal for them to make profits since they had risked something earlier.