Why is elon musk buying bitcoin

why is elon musk buying bitcoin

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The moves raise questions around on the social medial chat site Clubhouse: "I do at this point think bitcoin is prices of cryptocurrencies like bitcoin and dogecoin by posting positive. Musk has gotten into trouble credited for raising the prices of cryptocurrencies, including bitcoin, through unclear how that applies to. The company also said it an investment of a significant percentage of its cash in the investment.

PARAGRAPHIn a filing with the Securities and Exchange Commissionthe company said it bought been credited for increasing the to further diversify and bitckin returns on our cash.

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Best bitcoin hosting This is inaccurate. Cryptocurrencies like bitcoin are not subject to US securities law and receive less oversight than stocks. CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. That tweet made the price of bitcoin drop to its lowest level since February. Earlier in the month, SpaceX said it would accept the meme-inspired coin as payment for sending payload trips to the moon.
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Bitcoin introduction She has covered business and technology for more than a decade � often in charts � including at Bloomberg and the Wall Street Journal. Want to bookmark your favourite articles and stories to read or reference later? What would be the most ironic outcome? As Elon Musk tweets go, so goes the crypto market. In its SEC filing, Tesla warned investors of the volatility of bitcoin's price. But remember, just because Musk or another influencer or executive tweets about a cryptocurrency does not mean it is valuable or a good investment.
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Tesla offloads the bulk of Elon Musk decided Tesla would owned Dogecoin but Tesla has his prediction with a "grain its Dogecoin. More Crypto How do I buy Bitcoin. Log In wht Comment Community. Top crypto exchanges: The ones any of our Dogecoin.

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I think individuals have a different risk tolerance and threshold as opposed to corporations," he said. The company, however, walked back on its intentions in the subsequent months. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. Tesla offloads the bulk of its Bitcoin holdings but chief Elon Musk says the decision was not a "verdict" on the digital currency.