Feb 8, 2021
Tesla has just purchased $1.5 billion in Bitcoin and is looking to accept Bitcoin payments in the future. This commercialisation of Bitcoin can only do the crytpo good as it is consumerising the currency. Something I’ve said for many years is needed with all Cryptos. Bitcoin is gathering pace as it is getting more and more used in day to day purchases.
All currencies need a purpose other than a store of value if they are to succeed so this is exciting news for Bitcoin and for Tesla.
I am close to bringing Tesla into my portfolio but I think it’s probably a day or two early at the moment and I’d like to see a cross of the Macd on the 4 hour chart indicating a break out of the range.
