CoinGapeNews

Michael Saylor Claims His Twitter Exchange With Elon Prompted Tesla to Invest in Bitcoin

MicroStrategy CEO Michael Saylor has become one of the biggest Bitcoin proponents in recent time which is evident from his company’s $2.1 billion Bitcoin investment since August 2020. Saylor in a recent interview with Time magazine claimed that his Twitter exchange with Elon Musk back in December was one of the key reasons behind Tesla’s $1.5 billion Bitcoin purchase a couple of months later.

#Bitcoin is an idea whose time has come. https://t.co/Rn1zxBV0iD
— Michael Saylor (@michael_saylor) March 21, 2021

Saylor explained that Tesla and Square are just the tips of the iceberg and hundreds of others would follow.
 MicroStrategy is the first publicly traded company that made a material investment, but Square followed. And Tesla followed. But they’re the tip of the iceberg. We did a “Bitcoin for Corporations” summit in February. I thought it would be a couple of thousand people showing up. It ended up being more than 10,000 a day, and it broke our video server.
Tesla’s Bitcoin purchase in February had quite an impact on the mainstream financial world where many discussed the possible impact of Tesla’s volatile investment, but more than that Bitcoin’s popularity as a store of value saw a massive bump. Microstrategy can boast of being an early adopter as they saw the potential in the top cryptocurrency when its price was hovering around $10,o00.
After Institutions Traditional Banking Giants Rush to Bitcoin
Saylor believes more than $25 billion in institutional money would flow into bitcoin by the …
Story continues on CoinGape

Related posts
ADAADAUSDCardanoCharles HoskinsoncryptocurrencyEthereum NewsETHUSDethusdtNews

Charles Hoskinson blasts Ethereum as “a dumpster fire”, says Cardano will attract a billion users

Ethereum is a dumpster fire in which a few groups of elites have been benefitting, Charles Hoskinson has claimed. The mathematician believes that Cardano is light years ahead of Ethereum, with lower fees and faster transactions. He predicts that Cardano…
Bitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyEthereum NewsETHUSDethusdtNewsRobert Kiyosakixbtusd

Robert Kiyosaki races to buy Bitcoin and Ether as the economy weakens

Robert Kiyosaki—American businessman and author of Rich Dad Poor Dad—maintains his protracted campaign for Bitcoin, Ethereum, Gold, and Silver, ceaselessly criticizing the government for the state of the economy. In a recent tweet which was only one of the several…
AltcoinsAnalysisNewsNews 1SocialTrading View

Monero Price Analysis: 22 March

The cryptocurrency market has been seeing great volatility over the past few days. This volatility has changed the existing trends in the market for almost all altcoins. With a market capitalizatioThe post Monero Story continues on AMB Crypto