Posted on 02/08/2021 12:50:32 PM PST by E. Pluribus Unum
Tesla has invested $1.5 billion in bitcoin and plans to start accepting the cryptocurrency as payment “in the near future,” the electric automaker said Monday in a Securities and Exchange Commission filing.
The move is a major sign of support for bitcoin and could encourage other major companies to follow suit in accepting the world’s most popular cryptocurrency. Bitcoin jumped after the Tesla announcement, hitting a new high before retreating to $43,176. It is up more than 46 percent since the start of the year, according to Coindesk.
Dan Ives, managing director of equity research at Wedbush Securities, called Tesla’s embrace of bitcoin a potentially “game-changing move.”
“This morning’s news formalizes the strategy of Musk and Tesla diving into the deep end of the pool of bitcoin and crypto,” Ives said in emailed comments to The Post. “Ultimately, investors and other industry watchers will be watching this closely to see if other corporations follow the lead of Tesla on this crypto path.”
An HSB survey published in 2020 found that 36 percent of small and midsized American businesses accept cryptocurrency. Tesla will join big names such as Microsoft, Wikipedia and PayPal in accepting bitcoin worldwide.
Several digital currency exchanges, including Coinbase and Gemini, reported technical difficulties amid heavy trading after Tesla’s SEC filling news broke.
Tesla shares were up nearly 1.5 percent Monday. The company did not immediately respond to a request for comment.
Tesla’s chief executive Elon Musk has been vocal in his enthusiasm for cryptocurrency in recent days. In an early February interview on Clubhouse, the popular audio chat app, Musk called himself a bitcoin supporter and said he’d been “late to the party.” He also briefly added #bitcoin to his Twitter bio.
(Excerpt) Read more at washingtonpost.com ...
Bitcoin cannot be manipulated by the globalist oligarchs.
It could be a safe port in the storm when the inevitable inflation in the US dollar occurs.
This along with the end of the hedge fund short game brought about by the GameStop/WallStreetBets tsunami might level the playing field a little bit.
Xi Jinping, Bill Gates, George Soros et al are not going to like this.
I’m going to have to educate myself on bit coin.
thought that they had already been nuked,
and extradited, respectively.
must have been an alternate Universe.
Vapor $.
You can buy a Tesla car with bitcoin? Can you finance it and make monthly payments in bitcoin?
“Bitcoin cannot be manipulated by the globalist oligarchs.”
“It could be a safe port in the storm when the inevitable inflation in the US dollar occurs.”
I have a computer that prints Griffinbucks.
I highly recommend their purchase.
“Bitcoin cannot be manipulated by the globalist oligarchs.”
“It could be a safe port in the storm when the inevitable inflation in the US dollar occurs.”
I have a computer that prints Griffinbucks.
I highly recommend their purchase.
I wonder if the price of the car will fluctuate day to day, as the price of Bitcoin changes day to day in the financial markets?
Will the price of the car be stated only in Bitcoin, and then we will have to go to the internet, so see what the conversion from Bitcoin to dollars is that day?
“ Vapor $.”
…….
The US Dollar has lost 93% of its purchasing power since 1913
Bitcoin has gained 42,800% in a decade - 346% in the past year.
I’ve made my decision.
I prefer Ethereum, since the move to decentralized finance is largely being built on the erhereum blockchain.
But there are 20 crypto that have a big future.
I thought bitcoin was meant for small purchases so businesses could avoid comparatively high bank debit charges and customers could avoid bank account number exposure risks.
To give a Bitcoin any great value is the height of folly.
Domestic governments have subsidized Tesla only to have Tesla bet big on follybucks.
PREPARE NOW: EVENTS ARE “IN MOTION” TO REMOVE THE U.S. DOLLAR AS RESERVE CURRENCY
Mac Slavo
February 8th, 2021
SHTFplan.com
The United States dollar will not be the reserve currency for much longer. In its place will be a digital currency tied to your ability to be a good little slave to the ruling class. Prepare now, because when this is rolled out, things could get ugly.
According to a report by ZeroHedge, events (which are preplanned by those wanting ultimate totalitarian control, including the United States government) are unfolding that would forever remove the U.S. as the reserve currency. Incoming is a one-world digital currency.
Asia is not the only region taking steps to disentangle itself from the U.S. dollar standard in global trade and payments. The European Commission, the executive branch of the 27-country European Union (EU), released a communication explicitly stating the goal to strengthen the “international role of the euro.” This goal would “help achieve globally shared goals such as the resilience of the international monetary system, a more stable and diversified global currency system, and a broader choice for market operators.”
“At some point, the fiat currency is going to vanish,” says YouTube creator, Dahboo77. “You are going to have X amount of time to claim a credit for your central bank digital currency.” This has already been announced as the plan. This will be a part of the global totalitarian takeover and ultimate enslavement of humanity. People will get their universal basic income, which will be a pittance, in exchange for the acceptance of their own slavery. If you don’t want to live as a slave any longer and reject this beast system, you will be cut off.
“By design, this is all coming down,” Dahboo77 says. He also says to prepare, if you choose to not be a slave, you’ll need to be able and willing to barter. Have some gold and silver and know its worth. There is not stopping this plan, much like the mass vaccination campaign. The only thing that will end this system is the masses refusal to comply with it.
Be ready. “Who knows what they will do?” It’s time to wake up. No human has any rightful power over another human. It’s time we wake up to the simple fact that we don’t need these psychopathic power hungry masters, they need us.
Money backed by energy.
It would make sense if Elon plans on buying nuclear powerplants or develop fusion power... that would boost the currency
High technology should never be considered safe from the US government.
Big Brother knows or can find out about all your computer activities.
Many Germans were betrayed to German tax authorities by a Swiss bank employee, who was well-rewarded here on Earth.
Deflation is not really a business friendly phenomenon.
Well, does anyone really know what the future value of Bitcoin will be?
Is Bitcoin a store of value, an investment, a medium of exchange for purchases? A means of conducting financial transactions away from the prying eyes of the tax collector? Do people trust that bitcoin will hold value in the years ahead? Or could it collapse?
The move to digital is to enable negative interest rates, in other words a bank deposit tax.
With paper dollars, negative interest rates can be avoided on small amounts of savings.
There’s actually a name for the fear that technophiles face in such situations: nomophobia, the fear of being out of mobile phone contact.
https://www.coindesk.com/what-happens-to-bitcoin-if-the-lights-go-out
What the heck do you think dollars are?
Much of the value dollars have is the fact that oil-producing nations accept payment in them.
If the Arabs decided they wanted Euros or Yuan instead, we’d be in a world of hurt?
True story... I bought my wife, and myself, a couple of fancy new electric bikes from that Seattle bike company with bitcoin. If I’d only waited a couple of years, we could be riding in a brand new Tesla for the same amount of bitcoin! :(
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