Bitcoin Has Officially Passed Tesla’s Test, Elon Musk Reveals

Bitcoin Has Officially Passed Tesla’s Test, Elon Musk Reveals
ôîòî ïîêàçàíî ñ : zycrypto.com

2021-4-29 21:46

Yup, you heard that! The third-richest man in the world has confirmed that the most valuable cryptocurrency has proven itself, in what he claims is a “stress test.” As it turns out, Musk is not only occupied with testing SpaceX’s starship tanks, he is just as committed to finding the strengths in the flagship cryptocurrency.

When the Twitter handle “documenting Bitcoin” asked Musk if the asset passed its car company’s test, he didn’t leave the answer to speculations. He didn’t reply in his usual satirical fashion. In fact, he left no room for confusion and was as straightforward as a straight arrow when he tweeted “Yes”.

Musk puts skeptics to sleep

Of course, Crypto Twitter was on fire as usual. The comments that preceded were mostly positive, but trust some of the bears to chime in, mirroring skeptics’ sentiments. The bone of contention for naysayers is that Musk will dump on the market in the future and leave Bitcoiners to deal with the bear storm that could follow.

This was the very same issue that Barstool Sports Dave Portnoy, who previously revealed that he regretted selling his Bitcoins’ in a bear market, presented when he responded to the news of Tesla selling off some of their Bitcoins. His tweets read: “So am I understanding this correctly? He pumps it. It goes up. Then he dumps it and makes a fortune.”

Recall that Tesla revealed its Q1 earnings report on the 26th of April. In the report, which expectedly created a commotion on Bitcoin Twitter, Musk reveals that Tesla sold 10% of its Bitcoin holdings. The result of this sale? A lump sum in profit for the Electric vehicle company.

Musk almost immediately retorted, in a tweet that could be credited for Bitcoin’s 2% upsurge a few minutes later.  “No, you do not.” He told Portnoy. 

Elon Musk proves to companies that Bitcoin is a better substitute to cash

In the tweet that followed, Musk gave Bitcoiners two reasons to revel as he first revealed that he is yet to sell any of his personal Bitcoins, confirming speculations that the Bitcoin buying party wasn’t just for Tesla alone, but for his own pocket as well. More importantly, Tesla tested Bitcoin, to prove that holding cash on a company’s balance sheet can easily be replaced by holding Bitcoin, as it was just as easy and profitable to liquidate.

“I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on the balance sheet.” The CEO revealed. While Bitcoin Twitter screams for joy as it digests the new revelation, Dogecoiners seem to be awaiting the day Musk reveals that the same way he has Bitcoin stacked in one of his pockets, he could dip his hands in the other and bring out just as much Dogecoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0034358 (-100%)

cryptocurrency musk test testing spacex occupied turns

Èñòî÷íèê: zycrypto.com

cryptocurrency musk → Ðåçóëüòàòîâ: 126


Ôîòî:

Elon Musk: Bitcoin HODLers ‘Deserve A Nobel Prize’

Tesla founder Elon Musk became the center of attention for the Bitcoin community again February 21 after revealing he still only owned 0. 25 BTC. Musk: I Still Have 0. 25 BTC, No Altcoins Following coverage of his describing Bitcoin as “brilliant” in a podcast by disruptive investment firm ARK Invest earlier this week, Musk tweeted that despite his enthusiasm, he had marginal amounts of the cryptocurrency.

2019-2-21 20:00


Binance’s Changpeng Zhao Got the LN Torch, Will Elon Musk Follow?

The increasingly popular Lightning Torch has been received by the CEO of the world’s largest cryptocurrency exchange – Changpeng Zhao. He wants to send it out to Elon Musk, but will he take it? Changpeng Zhao Gets the Lightning Torch The Lightning Torch is an interesting concept which started a few weeks ago as yet […] Binance’s Changpeng Zhao Got the LN Torch, Will Elon Musk Follow? originally published on My Bitcoin News by David Moroe.

2019-2-11 15:08


Ôîòî:

XRP Price Speculators Hope for Acknowledgement From Ripple or Elon Musk

For those people who are patiently watching the cryptocurrency and digital asset price charts, it is always a matter of putting things in their right perspective. As far as the XRP price is concerned, stability has been one of its strong suits over the past few months, even though that isn’t necessarily to the liking […] The post XRP Price Speculators Hope for Acknowledgement From Ripple or Elon Musk appeared first on NullTX.

2019-1-5 19:36


Twitter Bitcoin Scams Take New Leap After Verified Twitter Accounts Impersonate Elon Musk

Technology entrepreneur and visionary Elon Musk, popularly known for electric cars, reusable rockets, and PayPal, is increasingly seeing an uncanny association with Bitcoin for the wrong reasons. Scammers are capitalizing on Musk’s Twitter social media prominence to spin out hopes of cryptocurrency returns – with gains even more spectacular than the famed 2017-bull run.

2018-11-19 15:40


Ôîòî:

Scam Me Once: Twitter Promotes Fake Elon Musk’s ‘Bitcoic’ Giveaway

Twitter has come under fire from cryptocurrency commentators once again after the social network began actively promoting an ongoing scam involving a Bitcoin giveaway. ‘Elon Musk’ Offers Millions of Dollars in ‘Bitcoic’ The scam, which has involved various accounts in recent weeks, currently revolves around a fake Elon Musk account using the hijacked Twitter handle of publishing house Pantheon Books.

2018-11-5 22:00


Ôîòî:

‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet

Elon Musk suffered a temporary ban of his Twitter account after advising people to buy Bitcoin, he revealed October 22. Musk: Twitter ‘Thought I Got Hacked’ In a move which focused attention on the social media platform’s controversial cryptocurrency policy, Twitter cut off access to Musk’s account after he sent a tweet as part of a debate on a separate topic.

2018-10-23 13:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.