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“Tesla only sold ~10% of holdings to confirm [bitcoin] could be liquidated easily without moving [the] market,” Musk added, referring to Tesla’s first-quarter bitcoin sale that resulted in proceeds of $272 million after several tweets touting the cryptocurrency.
When is Musk going to guarantee that his electric cars will charge up with at least 50% green energy? What a tool.
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Ellon Musk is a pumper .
he is pumping bitcoin through tweets and he will sell all his bitcoin
It had nothing to do with Elon, shorts were getting liquidated before he mentioned it but after he did it helped the momentum. It has to do with greed on both sides. First, many longs had been caught over-leveraged starting a month ago and when China began to ban crypto operations they got caught overextended. Then the shorts became empowered and over-leveraged themselves and now we are back a full circle.
Berkshire Hathaway, Warren Buffett's company, has invested $ 500 million in a bitcoin-backed digital bank, Nubank.
Nubank has stated that it will offer the opportunity to invest in bitcoin after the acquisition of the brokerage company Easynvest, which offers the trading of Brazil's first ETF bitcoin.
Berkshire Hathaway is investing in a digital bank
Berkshire Hathaway has invested $ 500 million in the parent company of Nubank, a bitcoin-friendly digital bank based in Brazil.
Since its inception in 2013, Nubank has had 40 million customers, making it the largest digital bank in the world in terms of number of customers.
With the new investment, Nubank has become "the most valuable digital bank in the world and one of the largest financial institutions in Latin America," the statement said.
Reuters noted that the new investments give Nubank a valuation of $ 30 billion, which is slightly lower than Banco Santander Brasil, Brazil.
The Nubank case
Nubank has repeatedly stated that it will offer bitcoin investments to customers following the acquisition of Easynvest, a brokerage firm offering a bitcoin ETF.
The bitcoin ETF offered by Easynvest is QBTC11 from QR Asset Management.
It was the first bitcoin ETF approved by the Brazilian Securities and Exchange Commission (CVM).
Nubank aims to use the money raised to fund its international expansion in Mexico and Colombia, launch new products and services, and hire more employees.
There's a reason big banks and brokerages are only offering crypto to the wealthy atm. Once they get in cheap they'll allow retail in to eat the crumbs. That's why you need to buy now on crypto exchanges like Coinbase and Kraken and not wait.
Btc is Nothing but a game of holding a bag hoping someone else will pay you more for it. Almost nada utility. Meanwhile even Bitcoin Cash can be used for payments. 12 years later and btc has made absolutely no improvements towards utility.
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This big pump to 39000 is coming !!
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I just got back from a cross country trip. every restaurant had a 2 hour wait to get in. help wanted signs everywhere. $500 sign on bonus to work at a gas station. there is a huge shortage of low wage workers, and the only thing getting them back to work is higher wages. this means one thing to me folks: inflation. I'm buying crypto as a hedge. Never seen anything like this.
Musk said Tesla will accept $BTC once 50% miners go green. This means that once Tesla announces the acceptance, BTC will top it's previous high within 2 months following tye announcement. Sorry bears. You lost.
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Bitcoin is the most held asset outside of the U.S. dollar according to Novogratz.
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“In terms of value: zero. I don't have any cryptocurrency and I never will," Buffett said,
Warren Buffett's Berkshire Hathaway Inc. has invested $500 million in the parent company of Nubank, a Brazil-based bitcoin-friendly digital bank, ...
Elon Musk tweeted
When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.
Massive Short Squeeze Inbound, share it...
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises just as the current market is down. Holding is profitable, although trading is far more profitable.
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