This announcement comes on the heels of a cheeky social media embracing Bitcoin by Tesla CEO Elon Musk invests in digital money and plan to accept the cryptocurrency from customers buying its electric vehicles.
Iconoclastic, Telsa’s owner has bought $1.5B worth of Bitcoins and pushed some of their cash assets in the Bitcoin price chart (BTC).
A limited supply of Bitcoins has treated nothing less than like gold (the precious asset) as a store of value to protect against inflation.
Many of us are late to the party, but I believe it is never too late to take corrective action. Sooner or Later, Investors will follow the footprints of the world’s richest tycoon investment moves, to get the benefit of the doubt.
As of now, Bitcoins are legal in India, with many exchanges catering to load money and trade Bitcoins with Indian rupees with a marginal charge applicable per transaction.
As an Investor, we also dealt in Etherum, Litecoins, Cardano, and Bitcoins. Not very sure this will bring a change in our fortunes, but at least, have learned the basics of how the investment cycle works and never felt that we missed the bus.
To be very clear, this is not financial advice, but as it always said, keep an eye on the market to evaluate and plan a calculated risk while investing in cryptocurrencies.
Disrupting corporate norms, along with economic structures, Elon Musk is truly an expert in handling, financial portfolios, last week his Twitter handle simply read as #Bitcoin, which is again a sign of something predictable.
Tesla described the bitcoin investment as a try to uplift companies’ liquidity in securities, with will result in pushing investment portfolios in various reserve assets, such as gold bullion, digital assets, and another forte to propound in near future.
The company added, Tesla products will be soon accepting Bitcoin as a form of value exchange payment. Moreover institutionalizes Bitcoin as an accepted means of the value of the global business in the US.
We are yet to post more news on this space about Cryptocurrency. Stay tuned !!!