Recently, Ilon Musk showed a special interest in cryptocompany. At first, the head of Tesla and Spacex published several positive tweets about Bitcoin, which led to an increase in his course on $ 5,000, and then in the same way dispersed the price of another cryptocurrency - dogecoin, more than 300%. Now it is clear why Mask is so interested in Crypt - Tesla announced that he bought bitcoins by 1.5 billion (!) Dollars. This is an official purchase from the company's account that the Securities and US Exchange Commission has registered. In addition, Tesla also stated that he plans to take bitcoins as payment when buying cars. But why is it all this?
It's one thing, if it were the purchase of the mask himself, which he would commit from own funds. But the head of Tesla does not have such a free amount. Despite the fact that it is one of the richest people in the world, most of the state of Ilona Mask - Tesla shares. And the entrepreneur prefers once again to take a loan in a bank (which he can gladly provide) than to sell shares when he needs a large amount of money. It turns out that Mask was able to convince TESLA Board of Directors to make such a large purchase from the company's funds.
Why did Tesla bought Bitcoin?
In his statement Tesla wrote that he bought Bitcoin for "greater flexibility in further diversification and increasing profits from funds." In addition, the company stated that it would start accepting payments in Bitcoins in exchange for their cars. This will make Tesla the first major automaker, which takes bitcoins as payment.
With this purchase immediately tied the behavior of Ilona Mask on Twitter in recent weeks. He is attributed to the growth of the value of cryptocurrency, such as Bitcoin and Dogcoin, by publishing positive messages about them and, consequently, attracting more people to buy.
Indeed, buying motifs are not yet clear, but it is obvious that this caused a regular demand boom to Bitcoin, as a result of which the Bitcoin rate exceeded $ 44,000. TESLA shares at the premark rose by more than 2%. At the same time, Tesla warned investors about Bitcoin's price volatility in their documentation filed in SEC. But it seems that no one stops.
Can Bitcoin replace the dollar?
And the fact that Tesla will start taking cryptocurrency as payment for Model 3, Model S and other cars, only confirms the intentions of the company and the mask itself in the future to abandon the American dollar in favor of Bitcoin. The question is one - is it good bitcoin for these purposes?
Surely the mask had clear arguments, why Tesla should buy Bitcoin, especially for such an amount. As of the end of 2020, the automaker had about 19 billion dollars of free money, so this is a considerable part of them. And the head of Tesla is clearly not a stupid man to "buy on the yai", as traders say. But bought. Another toy for Ilona for which his company just paid? Or does he really have a plan, what do you think? Let's discuss in the comments and in our Telegram chat.
P.S. And I still, perhaps, leave my own Dogcoins, suddenly by the end of 2021 I can buy yourself to yourself on them.