McIntyre Report Political Talk Show

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset. and help us expose the Covid Fraudsters

The Vladimir Putin Interview

Recent News

The next 3 minutes will transform your life forever.

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

Australian National Review - News with a Difference!

How you can advertise on Truthbook.social

Here’s what 6 crypto experts said about Tesla’s $1.5 billion bitcoin investment

Facebook
Twitter
LinkedIn
WhatsApp
Email

Here’s what 6 crypto experts said about Tesla’s $1.5 billion bitcoin investment.

By Shalini Nagarajan

  • Tesla on Monday made its biggest endorsement of bitcoin, saying it invested $1.5 billion in the token.
  • It helps to bring bitcoin further into the mainstream, as both a form of payment and an investment.
  • Insider compiled quotes from six experts on what this could mean for new buy-in from large investors.

Tesla on Monday revealed a $1.5 billion investment in bitcoin that pushed the digital currency to a record high of $47,889.

The electric-car maker also said it would soon begin accepting bitcoin as payment for its products.

Some analysts said that while Elon Musk is a relatively late adopter of cryptocurrencies, they believe this is one of several investments he will make in the space.

“Tesla’s bitcoin acquisition is a strong signal for a new era of integration between the cryptocurrency ecosystem and mainstream business, in which tokens increasingly act as not only a store of value but tangible medium of exchange.”

Dermot O’Riordan, partner at the blockchain-focused private-equity firm Eden Block

“This moment will likely be looked upon in years to come as a genuine tipping point; Elon and Tesla’s support legitimizes crypto and opens up bitcoin to a whole new class of retail and institutional investors. Now it seems all of Wall Street is in bed with this industry – if they weren’t paying attention before, they are now.”

“Tesla and Bitcoin – the archetypes of volatility – inevitably meet again because they are tools that came about because of frustration and courage, to paraphrase the old saying. Frustration at the way things are, and courage to make sure that they do not remain as they are.”

Alex Mashinsky, CEO of the crypto lender Celsius Network

“The richest person in the world just told you he does not believe in holding dollars as a long term store of value. We have heard from the smartest investors in the world and now we have heard from the richest people in the world, they all agree that having 5-10% of your net worth in BTC is a critical part of a well diversified portfolio.”

Tesla’s investment “cements crypto into both history and the future as not only a fundamentally safe store of value, but an asset with an infinite amount of applications yet to be discovered. I see this as the door opening wide for crypto companies with B2B services, like my companies, to put their products to the test and usher in the next wave of adoption in partnership with Tesla.”

Jean-Michel Pailhon, head of the ledger enterprise at Ledger, a security-solutions firm for crypto assets

“Tesla’s move further gives the industry validation and shows crypto’s resiliency as an asset class. The battle of custody and safeguarding these volatile assets will be the next thing to watch. Tesla could either pull it off with an in-house solution though they may suffer from inflexibility compared to other infrastructures.”

Original Source

Related News

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Join our censor free social media platform for Independent thinkers

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Enter Details for free ANR news