FOX Business’ Stuart Varney points out that Tesla buys $ 1.5 billion in bitcoin and accepts it as payment for cars.
Tesla CEO Elon Musk said Wednesday he bought Dogecoin, a trending cryptocurrency, for his baby “so he can be a toddler.”
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| TSLA | TESLA INC. | 804.82 | -44.64 | -5.26% |
Musk was a proponent of the cryptocurrency, which was created as a joke in 2013 based on a popular internet meme, but in recent days after the virtual currency no. 10 has risen, according to data from CoinMarketCap.com.
ELON MUSK’S DOGECOIN TWEETING HAS BELIEVED BELIEVERS FOR MORE
“Bought Dogecoin for lil X so he can be a toddler,” Musk tweeted Wednesday.
Musk tweeted a poll last week that received 2.4 million responses asking whether the ‘future currency of the earth’ Dogecoin or ‘all other crypto will be together’. More than 70% of respondents chose Dogecoin.
“The people talked,” Musk said once the survey ended.
The billionaire has previously tweeted about Dogecoin, including a 2019 tweet in which he referred to it as his “fav cryptocurrency”. Musk has also expressed interest in other cryptocurrencies, including bitcoin. Tesla said in an SEC filing on Monday that the company has invested $ 1.5 billion in bitcoin and will accept it as a means of payment.
Na Elon Musk added #bitcoin to his Twitter bio, the price of the cryptocurrency rose briefly by about 20% on 5 February.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| BTC | after | after | after | after |
“I think at this point bitcoin is a good thing, and I’m a proponent of bitcoin,” Musk said Sunday during a live interview in the popular audio-chat app Club House. “A lot of friends of mine have been trying to convince me for a long time to get involved with bitcoin.”
ELON MUSK SPACIOUS BITCOIN, SPEAKING CRYPTO FUTURE
Musk added: “I think bitcoin is really on the verge of gaining broad acceptance through conventional finance.”
The founder of SpaceX explained that one friend offered him a slice of “bitcoin cake” in 2013.
Billionaire investor Mark Cuban also shared a statement on Monday in which he said he also bought the cryptocurrency for his son.
DOGECOIN QUICKLY BECOMES THE CRYPTOCURRENCY OF THE STARS
“Dogecoin is less than one cent. You can buy [$1.00] was or [$10.00 worth and] enjoy watching it all day every day, “he said in response to a question about whether investing in Dogecoin is a ‘bad look’.” Literally, and I say this seriously, this is the best entertainment for your money available. ‘
Dallas Mavericks owner Mark Cuban is on stage ahead of an NBA basketball press conference in Dallas. (AP Photo / Ron Jenkins, file)
He continued: “I bought a few dollars for my son and we look at it and discuss all the price movements of it if it occurs. It’s fun for him, it’s exciting and educational. Some of his friends went into it too. “
Cubans then explained that although Dogecoin has no ‘intrinsic value’, it ‘gives you a better chance of winning than a lottery ticket’ while learning the economics of supply and demand and introducing people to cryptocurrencies. ‘
GAMESTOP VOLATILITY USERS IN RECORD BUSINESS RECORD FOR CRYPTO PLATFORM
The market capitalization of the cryptocurrency has doubled in the past week to more than $ 9.5 billion, according to CoinMarketCap.
Praise for the cryptocurrency of Musk and other celebrities comes about two weeks after a group of Reddit users banded together and urged people to push short sellers by investing in shares of declining companies, including GameStop; AMC; Bed, bath and beyond; and Blackberry, which raised their shares unexpectedly.
The event opened a discussion on how amateur investors can influence the market and how rules for day trading can be reformed.
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FOX Business, Lucas Manfredi, contributed to this report.