Elon Musk Buys Bitcoin, Crypto Insiders Respond – Crowdfund Insider
Bitcoin is hitting new highs today fololowing a 10-K filed by Tesla (NASDAQ:TSLA) that revealed it had purchased $1.5 billion in Bitcoin and may purchase other digital assets in the future. Simultaneously, Tesla said they expect to commence accepting Bitcoin as a method of payment for its products.
Elon Musk, Tesla founder and CEO, has long been engaged with the crypto sector frequently commenting on Bitcoin and other digital assets on Twitter. Musk, a true entrepreneur and never one to worry about sharing his opinion, has emerged as one of the most prominent advocates of cryptocurrency.
As the news filtered out that Tesla had purchased Bitcoin, shares in the company moved higher but Bitcoin was the bigger beneficiary trading at almost $44,000 – a new all-time high.
Crowdfund Insider received some feedback on the Bitcoin acquisition by Tesla with crypto insiders describing the news as growing validation of crypto as well as BTC.
Leah Jonas, Head of Partnerships at Celsius Network, shared the following thoughts about Tesla buying Bitcoin:
“Tesla’s investment into Bitcoin cements crypto into both history and the future as not only a fundamentally safe store of value but an asset with an infinite amount of applications yet to