Tesla will accept bitcoin and the price of bitcoin is soaring!

On February 8, 2021, bitcoin once again reached a new ATH, and it seems that once again, it was Elon Musk who was behind this sublime rise.

Lately, we have seen how Elon Musk can single-handedly move the markets. We have also seen, indirectly, that the word "influencer" has its full meaning these days. People with millions of followers like Elon Musk literally influence the behavior of those who follow them. And, on the financial markets too!

First of all, it's a tweet from Michael saylor (the director of the company MicroStrategy) who would have started Elon Musk to think about purchasing bitcoin via his company Tesla.

Much has been said about the surreal rise in dogecoin, it is currently bitcoin itself which is soaring following Elon Musk's assertions.

This time it goes further than a series of funny tweets like he did with dogecoin. No, this time, it's not so much Elon Musk, the influencer, as Elon Musk, the founder of Tesla who is speaking.

And that's all the difference.

Tesla buys bitcoin and lets everyone know

Yes, Tesla announced that it bought $1,5 billion in Bitcoin. That's already an event! This shows that Tesla really "believes" in the potential of bitcoin and a fortiori cryptocurrencies.

And, don't forget that Elon Musk is considered a visionary. An entrepreneur who started working on projects ahead of his time. He co-founded PayPal and was already thinking about digital payments before anyone else. This is already a strong example of its ability to stay ahead of future trends, isn't it?

In fact, it’s even PayPal that fuels all of its credibility.

And, he didn't stop at PayPal. He continued with various projects that were described as revolutionary. Let's remember that he was the first to want to create a company that would "compete" with NASA. Just that.

Go to Mars, send rockets, create solar tiles on houses, create cars that run on their own...

I mean, whether we like the character or not, we can't take away the fact that he is still, despite everything, a visionary. Or, at least, we can say that he has a futuristic view of things. He moves forward, he launches himself, he innovates.

That's what we remember about him, deep down.

What does it mean?

Well, it means that when he buys bitcoin, he shows that he gives it value and importance.

It somehow validates bitcoin and shows that it is an asset to really take seriously.

This is why (in broad terms) bitcoin has increased in value in recent days, following this announcement from Tesla.

Tesla will accept bitcoin as a means of payment.

In fact, when Tesla announced that it had purchased bitcoin, it was with a view to financial investment. To diversify and maximize returns, the company invested in different assets. She also announced that she had also invested in gold, in traded funds and also in bitcoin.

This is therefore part of a diversification strategy specific to the company. But, in fact, even if this announcement certainly contributed to raising the price of bitcoin, it is not just that.

Yes, the big announcement that caused bitcoin to soar was the announcement that the company was going to accept bitcoin as payment.

This caused quite a stir, as you can imagine.

There has also been criticism elsewhere, especially from Tesla shareholders who are skeptical about the volatility of bitcoin. This could affect the profitability of Tesla. Some would have preferred that this investment be made with Musk's personal money and not through his company. If you want to know more about this "critic", I recommend the article published on international mail on Tesla and bitcoin.

Remember that Elon Musk is considered a genius by many people. If its flagship company announces that it accepts bitcoin, you can imagine that many companies will follow.

A lot.

We can therefore assume that the price of bitcoin will further increase in value.

Thanks Musk?

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