What is cryptocurrency, and with which it is "eaten", now, despite the abundance of information, it is unlikely that someone will definitely say. For most, it is still "Dark Forest". And this is not understanding, and disbelief has the foundation. Well, how can it be a currency, a monetary unit, something that does not have a physical view, something that exists only in the form of a digital code set, on a virtual wallet of a computer or smartphone? It was. But Ilon Mask and Tesla again "turned over the board."
Many previous months Ilon Musk teased his tweet subscribers about Bitcoin and Dogecoin. Everyone wondered what would it mean. There were even options that Tesla launches its own cryptocurrency, a certain Xcoin, as a single settlement unit for the products and services of Ilona Mask companies, and you look, it will ever become the currency of the Martian Republic. But everything turned out to be prosaous, so far.
Tesla invested in BitcoinOn Monday, Tesla's annual report filed in the CCBB (US Securities and Exchange Commission), it was said that the company had invested in Bitcoin a total of 1.5 billion dollars in accordance with the new investment policy, and that the company can "from time to time Acquire and store digital assets. " The company's new policy includes investments in "Alternative reserve assets, including digital assets, gold bars, funds traded on the stock exchange, and other assets." Tesla also starts taking Bitcoins as a form of payment of its products "in the near future."
So, now, among other investors, which are invested in Bitcoin as a potential hedge of inflation risks, TESLA publicly joins companies, including MicroStrategy Michael Sailor, who sent corporate money into Bitcoins. At the moment, Bitcoin is traded in 46,726.72 $, + 6.15%. The world's most famous cryptocurrency is now not just a set of numbers in a virtual wallet. Now she gained fundamental support and liquidity from the most expensive automotive company in the world. Now the market capitalization of TESLA is $ 813 billion. If, as stated, the dollar is secured by US aircraft carrier groups, some other hydrocarcented raw materials, then Bitcoin is provided with products, and in the future and services of Ilona Mask. What model Tesla can be bought in just one bitcoin? You can buy Tesla Model 3, given the current course of Bitcoin.
Joel Kruger, LMAX Digital cryptocurrency exchange strategist, "We think it is only the beginning of a wider process of introducing cryptocurrency, and the arrival of new investors in cryptocation".
For many, probably, it happens not just something incomprehensible, but even frightening. On his surprise, even the longtime and strong investor Tesla Ron Baron declared about his surprise. Tesla's share in the Baron Focused Growth Fund investment company portfolio is 35.9%. On everything is logical, and everything went to it. It is necessary to closely look at the process of what is happening, understand it, and find your place in it.
CEO Galaxy Digital Michael Novograpan, "TESLA's decision to allocate about 7.5% of its cash in bitcoins can be considered as a signal for customers that he" understands where the world goes. " People want to do business and invest in companies that are eagerly waiting for the next 100 years, and not previous 100 years. "