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$DOGE
The richest man on the planet Elon Musk approves Tesla to pay in coins $DOGE
Tesla, the electric car empire of billionaire Elon Musk, is now accepting cryptocurrency payments. However, unlike conventional companies that choose the safe option of Bitcoin, Tesla is accepting DOGE, the meme coin that Elon Musk has long been vocal in his support for.
Currently, DOGE is only accepted for purchases of regular Tesla merchandise such as clothes, toys and everyday items. But this could be the first step towards Dogecoin being accepted as a payment method for Tesla cars.
The richest man on the planet Elon Musk approves Tesla to pay in coins $DOGE
Tesla, the electric car empire of billionaire Elon Musk, is now accepting cryptocurrency payments. However, unlike conventional companies that choose the safe option of Bitcoin, Tesla is accepting DOGE, the meme coin that Elon Musk has long been vocal in his support for.
Currently, DOGE is only accepted for purchases of regular Tesla merchandise such as clothes, toys and everyday items. But this could be the first step towards Dogecoin being accepted as a payment method for Tesla cars.
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$DOGE
$PNUT
" No Need to Time the Market, But Need to Understand Value "
It is not necessary to try to 'catch the peak' or 'catch the bottom' of the market. Instead, it is essential to clearly understand the true value of the asset you are investing in. When the stock price falls below its intrinsic value, this may be a buying opportunity. And when the price far exceeds the true value, that is when one should consider selling or maintaining a cautious stance.
$PNUT
" No Need to Time the Market, But Need to Understand Value "
It is not necessary to try to 'catch the peak' or 'catch the bottom' of the market. Instead, it is essential to clearly understand the true value of the asset you are investing in. When the stock price falls below its intrinsic value, this may be a buying opportunity. And when the price far exceeds the true value, that is when one should consider selling or maintaining a cautious stance.
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Fed cuts interest rate by 0.25%
The Federal Reserve of the United States (Fed) has reduced interest rates for the second time this year, by 25 basis points (0.25%).
On November 7, the Fed decided to continue easing monetary policy. As a result, the US reference interest rate is now 4.5-4.75%, which is a reduction of 25 basis points (0.25%). This level is half of the adjustment made in September (0.5%).
The Federal Reserve of the United States (Fed) has reduced interest rates for the second time this year, by 25 basis points (0.25%).
On November 7, the Fed decided to continue easing monetary policy. As a result, the US reference interest rate is now 4.5-4.75%, which is a reduction of 25 basis points (0.25%). This level is half of the adjustment made in September (0.5%).
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Andrea Capellini, the founder of Freedom Trading Academy, expresses an optimistic view on the potential of Dogecoin, suggesting that the victories of Trump and Elon could push DOGE to $0.47. Capellini's technical analysis highlights key Fibonacci retracement levels applied from the low of $0.05237 to the recent high of $0.59546.
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Why Bitcoin Doesn't Hit Records Like Gold and US Stocks?
Trading around $68,000 per unit, Bitcoin is still below its March 2024 record of $73,700, while gold and the S&P 500 continue to hit new highs.
Going into more detail, there has been a lot of selling pressure in recent times, including the German government selling off a large Bitcoin stash that was seized and the Mt Gox trust exchange starting to return token debt to its owners.
There is also the fact that BTC trades 24/7, so it is subject to more pressure and volatility than other assets. This can lead to more liquidations in the crypto market during times of instability, pushing prices down even further.
However, looking ahead, Bitcoin still has many positive signs. According to data from the Glassnode exchange, from small investors - those holding less than one BTC - to even "whales" (those who own 1,000-10,000 tokens) have been accumulating assets in the past few months. This shows that demand is not explosive but still maintained steadily in the market.
With further interest rate cuts from Western central banks coming, the expectation of a dominant pro-crypto presidential candidate Donald Trump and a large increase in inflows into BTC investment funds, CoinDesk experts believe that there is still a scenario for Bitcoin to set a new record.
Trading around $68,000 per unit, Bitcoin is still below its March 2024 record of $73,700, while gold and the S&P 500 continue to hit new highs.
Going into more detail, there has been a lot of selling pressure in recent times, including the German government selling off a large Bitcoin stash that was seized and the Mt Gox trust exchange starting to return token debt to its owners.
There is also the fact that BTC trades 24/7, so it is subject to more pressure and volatility than other assets. This can lead to more liquidations in the crypto market during times of instability, pushing prices down even further.
However, looking ahead, Bitcoin still has many positive signs. According to data from the Glassnode exchange, from small investors - those holding less than one BTC - to even "whales" (those who own 1,000-10,000 tokens) have been accumulating assets in the past few months. This shows that demand is not explosive but still maintained steadily in the market.
With further interest rate cuts from Western central banks coming, the expectation of a dominant pro-crypto presidential candidate Donald Trump and a large increase in inflows into BTC investment funds, CoinDesk experts believe that there is still a scenario for Bitcoin to set a new record.
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Elon Musk Offers $1 Million to Signers of US Constitution
Elon Musk has promised to pay $1 million a day to anyone who signs a petition supporting the US Constitution, and has already made the first payment in Pennsylvania.
"We really want as many people to sign the petition as possible, so I have a surprise for you. We will randomly award $1 million to someone who signs it. The prize will be awarded every day, until Election Day," billionaire Elon Musk said at an event to support Donald Trump in Harrisburg, Pennsylvania, on October 19.
Musk was referring to the petition released earlier this month by the super PAC he backs. "The First and Second Amendments guarantee freedom of speech and the right to bear arms. By signing below, I pledge my support for the First and Second Amendments," the petition reads.
The American billionaire awarded the first million dollars to John Dreher, a spectator at the event in Harrisburg. Dreher described himself as a "huge fan" of Elon Musk and bought the billionaire's autobiography 10 years ago. Musk responded that he wanted Dreher to continue promoting the petition.
Mr. Musk has declared that he is "all in" for the former US president. The billionaire is backing America PAC to attract more votes for the Republican candidate in battleground states, targeting unregistered or undecided voters.
America PAC aims to attract one million voters in Pennsylvania and the remaining six battleground states of Georgia, Nevada, Arizona, Michigan, Wisconsin, North Carolina by October 21.The super PAC had previously offered a $47 reward for signing the petition.
On October 18, Musk announced an increase to $100 for Pennsylvania voters, with a deadline of October 21, when the state closes voter registration. “Make money by supporting what you already believe in,” Musk wrote.
Elon Musk has promised to pay $1 million a day to anyone who signs a petition supporting the US Constitution, and has already made the first payment in Pennsylvania.
"We really want as many people to sign the petition as possible, so I have a surprise for you. We will randomly award $1 million to someone who signs it. The prize will be awarded every day, until Election Day," billionaire Elon Musk said at an event to support Donald Trump in Harrisburg, Pennsylvania, on October 19.
Musk was referring to the petition released earlier this month by the super PAC he backs. "The First and Second Amendments guarantee freedom of speech and the right to bear arms. By signing below, I pledge my support for the First and Second Amendments," the petition reads.
The American billionaire awarded the first million dollars to John Dreher, a spectator at the event in Harrisburg. Dreher described himself as a "huge fan" of Elon Musk and bought the billionaire's autobiography 10 years ago. Musk responded that he wanted Dreher to continue promoting the petition.
Mr. Musk has declared that he is "all in" for the former US president. The billionaire is backing America PAC to attract more votes for the Republican candidate in battleground states, targeting unregistered or undecided voters.
America PAC aims to attract one million voters in Pennsylvania and the remaining six battleground states of Georgia, Nevada, Arizona, Michigan, Wisconsin, North Carolina by October 21.The super PAC had previously offered a $47 reward for signing the petition.
On October 18, Musk announced an increase to $100 for Pennsylvania voters, with a deadline of October 21, when the state closes voter registration. “Make money by supporting what you already believe in,” Musk wrote.