Category: Tesla



Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail Properties


Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail PropertiesBillionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the […]




Kim Dotcom Insists ‘Bitcoin Cash Will Serve the Mass Market,’ Criticizes BTC Fees, Elon Musk Responds


Kim Dotcom Insists 'Bitcoin Cash Will Serve the Mass Market,' Criticizes BTC Fees, Elon Musk RespondsOn Wednesday, the digital entrepreneur Kim Dotcom took to Twitter and talked an awful lot about the stark differences between bitcoin fees and bitcoin cash fees. While tagging Tesla’s Elon Musk in the thread, Dotcom explained that more than half the payments in the world are under $10 and the Bitcoin Cash network is “serving […]






Scaramucci’s Skybridge Capital Registers With SEC to Launch a Bitcoin ETF


Scaramucci's Skybridge Capital Registers With SEC to Launch a Bitcoin ETFAnthony Scaramucci’s Skybridge Capital has filed an S-1 registration form with the Securities and Exchange Commission (SEC) for a bitcoin exchange-traded fund (ETF). The prospectus for the “First Trust Skybridge Bitcoin ETF Trust” notes that the ETF aims to list common shares on NYSE Arca. Skybridge Capital Files to List a Bitcoin ETF Skybridge Capital […]



Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to ‘High-Flying Assets’ Like BTC


Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming downturn in the $21 trillion Treasury market to the improving economy as well, […]



Elon Musk Wants Coinbase to List Dogecoin as the Cryptocurrency’s Adoption Grows


Elon Musk Wants Coinbase to List Dogecoin as the Cryptocurrency's Adoption GrowsSpacex and Tesla CEO Elon Musk has once again tweeted in support of dogecoin. He wants the crypto exchange Coinbase to list the cryptocurrency and says he will get a Shiba Inu, the dog breed featured as the face of dogecoin. Meanwhile, the coin’s adoption is growing, advocated by celebrities like Mark Cuban. Elon Musk […]









Up to 5% of public companies will follow Tesla’s Bitcoin buy, says Wedbush analyst


Dan Ives, Wedbush Securities’ managing director, says companies are going to start FOMOing into Bitcoin very soon.

Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities. 

In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis.

“I think Tesla is going to double down on its Bitcoin investment,” he said.

“No double this is something Elon Musk and Tesla [...] they’re going to dive into the deep end of the pool on Bitcoin because they’re not just doing it from an investment perspective but from a transactional perspective.”

Ives was referring to Tesla’s recent decision to allocate $1.5 billion to Bitcoin and begin accepting the digital asset as a form of payment. At the time of the interview, Tesla had made about $1 billion in paper gains on its BTC trade. “That’s more they’ve made from a profit in all EV sales” in 2020, he said.

Wedbush Securities believes that 3% to 5% of publicly-listed companies will go down the Bitcoin rabbit hole over the next 12 to 18 months, although their adoption will be limited to investments only, Ives said. The 5% threshold is unlikely to be broken without more regulatory clarity around BTC.

Ives’ commentary on Tesla mirrors his recent analysis on Bitcoin, where he described the digital asset as part of a much larger adoption story. Bitcoin mania “is not a fad in our opinion, but rather the start of a new age on the digital currency front,” he said.




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