Tesla Inc and Bitcoin are more likely to see their values halved than doubled over the period of next 12 months, according to the majority of respondents in a Deutsche Bank survey published Tuesday. Deutsche Bank surveyed 627 market professionals last week, with 89% of respondents saying they find some Read more…
As bitcoin hit a new record high of high of $24,299.75 on Sunday, Elon Musk asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency. Michael Saylor, chief executive officer Read more…
An analyst has observed that Tesla’s recent stock action has closely resembled Bitcoin, suggesting that the electric car maker’s stock is currently in a bubble. Julian Bridgen, the co-founder of macroeconomic research firm MI2 Partners, says Tesla’s price behavior is comparable to that of Bitcoin in 2017 when it hit Read more…
Billionaire investor Elon Musk became $6.1 billion richer on Friday after Tesla stock rose by 11%. That makes him richer than the “Oracle of Omaha” Warren Buffett—whose net worth wealth stands at $69.2 billion. Both CEOs are among the richest in the world—but still own very little Bitcoin. Tesla CEO Read more…
Crypto exchange Binance is giving away another Tesla Cybertruck in its latest promotion, as well as $27,800. According to an announcement posted today, the promotion is to celebrate the exchange adding the Kava token to its margin trading offering. Kava is a decentralized finance (DeFi) platform, powered by Cosmos technology. Read more…
In brief: In a recent tweet, Arthur Hayes jokingly stated that he plans to take Bitcoin (BTC) private at $420,000. His tweet is similar to one Elon Musk made about taking Tesla private at $420. Tesla (TSLA) eventually traded at $420 and would break records in the stock markets. Mr. Read more…