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Tesla's investment in Bitcoin
On the other hand, Tesla's initial $1.5 billion investment in Bitcoin in February 2021, when the price of Bitcoin was around $37,000, not only boosted the cryptocurrency's value, but was also a sign of approval from the company. However, Tesla's decision to sell about 10% of its bitcoin in March 2021, at prices above $60,000, seemed premature, as the price of bitcoin rose after that.
In June 2022, as Bitcoin fell below $20,000, Tesla reduced its position and sold a significant portion of its shares. If Tesla had kept its original balance of 43,200 bitcoins, it would have been worth nearly $2 billion by early 2024.
Currently, with 9,720 bitcoins remaining, Tesla's stake is worth approximately $400 million. The car company's next move in the cryptocurrency market is highly anticipated, as it could have a significant impact on Bitcoin's valuation.$BTC #sano016 #bitcion #PYTH #link #ALT
On the other hand, Tesla's initial $1.5 billion investment in Bitcoin in February 2021, when the price of Bitcoin was around $37,000, not only boosted the cryptocurrency's value, but was also a sign of approval from the company. However, Tesla's decision to sell about 10% of its bitcoin in March 2021, at prices above $60,000, seemed premature, as the price of bitcoin rose after that.
In June 2022, as Bitcoin fell below $20,000, Tesla reduced its position and sold a significant portion of its shares. If Tesla had kept its original balance of 43,200 bitcoins, it would have been worth nearly $2 billion by early 2024.
Currently, with 9,720 bitcoins remaining, Tesla's stake is worth approximately $400 million. The car company's next move in the cryptocurrency market is highly anticipated, as it could have a significant impact on Bitcoin's valuation.$BTC #sano016 #bitcion #PYTH #link #ALT
BTC returns to $30k, strong gains in the Q2🤨
BTC prices quickly regained the $30k level after a brief drop below, and Bitcoin closed Q2 on yet another strong winning streak with an ~8% gain for the quarter. Impressively, Bitcoin once again managed to outperform most other global assets, despite a seemingly endless string of regulatory FUD from the US side throughout the past few months.
Furthermore, throughout this rally, BTC has handily outperformed nearly all Altcoins on the move higher, which is something that hasn’t happened since the late Q4/2020 bull market. With a recent lack of new endearing narratives out of space, BTC dominance should continue to extend as the near terms catalysts remain driven out of institutional participation.
#BTC #altcions #fud #bitcion
BTC prices quickly regained the $30k level after a brief drop below, and Bitcoin closed Q2 on yet another strong winning streak with an ~8% gain for the quarter. Impressively, Bitcoin once again managed to outperform most other global assets, despite a seemingly endless string of regulatory FUD from the US side throughout the past few months.
Furthermore, throughout this rally, BTC has handily outperformed nearly all Altcoins on the move higher, which is something that hasn’t happened since the late Q4/2020 bull market. With a recent lack of new endearing narratives out of space, BTC dominance should continue to extend as the near terms catalysts remain driven out of institutional participation.
#BTC #altcions #fud #bitcion
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"🔥 Bitcoin just exploded the counters by reaching an incredible peak of $64,000 today! A phenomenal rise that leaves the crypto community in turmoil! 🚀💰 It's time to celebrate and share your thoughts on this soaring #bitcion #cryptocurrecny #Write2Earn #BinanceSquare #Binance
Huge news: Someone took out a lot of Bitcoin from Kraken - 29,520 Bitcoin worth over $2 billion! This is part of a bigger trend where 36,000 Bitcoin was taken out of exchanges in one day. What does this mean? Well, it's really good for Bitcoin in the long run! When lots of Bitcoin gets taken off exchanges, it shows that people believe in it and aren't in a rush to sell, which could make the price more stable and maybe even higher later on. This big withdrawal shows that Bitcoin holders are feeling confident, and it might make it harder to find Bitcoin on exchanges, which could drive up the price. It's a sign that big things might be happening in the market! 🚀🔒#article #bitcion #BTC $BTC
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Bull market: (bullish or bear)
Bull symbolizes the expectation and trend of price increase in the market or for a specific currency.
@sanor016 #sanor016CommUNITY
#bitcion
Bull symbolizes the expectation and trend of price increase in the market or for a specific currency.
@sanor016 #sanor016CommUNITY
#bitcion
#MyFirstSquarePost
#bitcion #Halving2024
When will the Bitcoin halving come and who should be afraid?
About every four years, the Bitcoin community is shaken by the dreaded word “halving”. There are always those who make hype on this natural phenomenon with the hope of getting additional profit. Unfortunately, there are also those who engage in such provocations and provide this same benefit to others.
In the last week, a topic that in a nutshell sounds like: "Halving is coming!" is gaining popularity. Moreover, it was presented as if it was approaching not another reduction of the reward for the processed block, but a real apocalypse and armageddon in one form. But should the average Bitcoin coin holder really care about the halving, and is it really coming early?
Actually no, and there is a simple explanation for this: Bitcoin algorithms are not tied to real time or calendar. More precisely, the only time the system needs is about 10 minutes for each block to be processed. The blockchain monitors the efficiency of the work and controls that the task does not exceed the specified time limits. If the power of miners increases, the system complicates the task. This happens every 2016 blocks, which is practically every 2 weeks in real time.
That is why it is nonsense to talk about the early start of the halving in view of cryptocurrency rates. The Bitcoin network will inevitably halve the block reward when the next 210,000 such blocks are closed, approximately 10 minutes each.
If you are just a Bitcoin owner, you should not think about halving at all. Its very fact will in no way affect the number of your savings - they will not be halved, as if at the snap of Thanos.
If you are a miner, you should check the profitability of your business, the number and capacity of the equipment. However, do not be in a hurry to turn off the farm: if other miners become much less, the value of Bitcoin will definitely increase. And that's when your equipment will become extremely necessary for the system.
Please subscribe, we have a lot of interesting topics ahead of us.
#bitcion #Halving2024
When will the Bitcoin halving come and who should be afraid?
About every four years, the Bitcoin community is shaken by the dreaded word “halving”. There are always those who make hype on this natural phenomenon with the hope of getting additional profit. Unfortunately, there are also those who engage in such provocations and provide this same benefit to others.
In the last week, a topic that in a nutshell sounds like: "Halving is coming!" is gaining popularity. Moreover, it was presented as if it was approaching not another reduction of the reward for the processed block, but a real apocalypse and armageddon in one form. But should the average Bitcoin coin holder really care about the halving, and is it really coming early?
Actually no, and there is a simple explanation for this: Bitcoin algorithms are not tied to real time or calendar. More precisely, the only time the system needs is about 10 minutes for each block to be processed. The blockchain monitors the efficiency of the work and controls that the task does not exceed the specified time limits. If the power of miners increases, the system complicates the task. This happens every 2016 blocks, which is practically every 2 weeks in real time.
That is why it is nonsense to talk about the early start of the halving in view of cryptocurrency rates. The Bitcoin network will inevitably halve the block reward when the next 210,000 such blocks are closed, approximately 10 minutes each.
If you are just a Bitcoin owner, you should not think about halving at all. Its very fact will in no way affect the number of your savings - they will not be halved, as if at the snap of Thanos.
If you are a miner, you should check the profitability of your business, the number and capacity of the equipment. However, do not be in a hurry to turn off the farm: if other miners become much less, the value of Bitcoin will definitely increase. And that's when your equipment will become extremely necessary for the system.
Please subscribe, we have a lot of interesting topics ahead of us.
Dreaming of becoming a crypto millionaire in 2024? It's definitely possible, but you need to know the ropes—most people don't, and that's where they falter. Here's a practical tip from someone who's been in the game for years: Pay attention to the altcoins. The ones that decline the least during market dips are often the strongest. Similarly, those that recover quickest tend to be resilient. It takes time to spot these trends, but once you do, it's a game changer. Like this post if you found this tip helpful, and I’ll keep sharing insights to guide you through this Bitcoin cycle!
#BTC #bitcion
#BTC #bitcion
