They already bought it, but yeah hovering around 43k currently with several exchanges having issues keeping up with the users…
Very exciting time for BTC, still time to purchase, even for the skeptics.
Edit: It is truly fascinating, for those who follow Elon Musk on Twitter, we had a lot of positive signals it will happen. You can check the conversation between Michael Saylor and Elon Musk on Dec 20th, history unfolding before our eyes.
Great news for bitcoin. I’ve never been a fan but with more companies investing it definitely changes the risk profile of the crypto investments. Maybe I will put 1% of my portfolio in crypto. I wish there was an easy way to diversify…
He had a #bitcoin hashtag on his Twitter profile in january.
And a good discussion with Robert Breedlove on January 10th you can almost guess Elon’s reflection process over the months!
Naah, now is the time to sell with a profit, watch the price grow a few tens of thousands more then fall drastically and get ready to buy it cheap when speculators start getting interested again.
People who get in now have a high chance of ending up the proverbial bag holders. Elon knows how to play and it’s all fun and games for him. Not everybody can take the kind of risks he takes, just as some people are making tons of money out of this, others are going to loose a whole bunch. I hope it’s money they can afford to loose.
At 4:20pm… just saying…
Mayor of Miami has just announced a resolution to accept payment/tax in BTC, to provide the possibility for employees to be paid in BTC, and to change the allocation of the city treasury to have BTC.
This week has been mind blowing to say the least, between this, Tesla, Mastercard, the first BTC ETF, BNY Mellon…
EDIT: BTC market cap above $900b is something as well
What does mastercard has to do with Bitcoin? I thought they’d just accept stable, KYC compliant coins. (Are there any besides USDC?)
The press release does not specifically state the assets they will accept and trade. They don’t exclude Bitcoin.
Right, it is safe to bet for BTC + others
But they emphasize stablecoins:
To be completely clear, not all of today’s cryptocurrencies will be supported on our network. While stablecoins are more regulated and reliable than in the recent past, many of the hundreds of digital assets in circulation still need to tighten their compliance measures, so they won’t meet our requirements. We expect consumers and the ecosystem as a whole will start to rally around the crypto assets that offer reliability and security. It’s those very same stablecoins that we expect to bring into our network.
and
To reach our network, crypto assets will need to offer the stability people need in a vehicle for spending, not investment.
To me that hints strongly at USDC, does bitcoin satisfy those requirements?
Maybe it’s indeed time to get in:
Perhaps the best explanation for parts of the investment industry’s current interest in bitcoin — and an indication of how durable it will ultimately prove — was made by the legendary hedge fund manager George Soros almost a decade ago.
“When I see a bubble forming, I rush in to buy, adding fuel to the fire,” he admitted in a 2009 speech. As the hedge fund titan knew, riding a market mania can be immensely lucrative — provided one gets out before the reckoning.
‘Digital tulip’ or new asset class? Bitcoin’s bid to go mainstream (there’s a lot more balanced opinion in the article)
This whole story remind me of what happened to some Migrosoft/Google programmers that were millionaires on paper on the 31st december but with waay less stocks after that. They had to pay taxes on stuff that wasn’t that much worthy anymore.
I wonder if any of you would accept to get a wage in bitcoin. Today is worth 100, tomorrow maybe 20. (or maybe 200). You can’t buy bread with BTC though.
If I’d get the bitcoin equivalent of my 12k CHF monthly, sure why not? It’s like DCA into VT, just that you directly get VT instead of USD.
That would make my life much easier!
Edit: we were almost at $50k yesterday and current daily volume remains super high with around ~$80b /24h. Tesla is now roughly +40% on its btc holding.
Damn I was about to post it you are fast.
Soon we will have $1T in market cap, I bet for this week!
“MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins.”
… at 10x the price of 1 year ago.
No risk, no fun!
For me it‘s still speculation, this might crash hard. What’s the exit strategy for people on here who have money invested? Too risky for me.