Elon Musk has long been proud of the world of crypto and blockchain technology. Several months ago, he announced that his company, Tesla, was bitcoin (BTC) would accept and the market reacted strongly to this. He came here not much later on back. The network should first take measures to minimize the impact on the climate.
Musk became somewhat of a controversial presence within the crypto community through his statements about bitcoin and crypto. Many investors were concerned about the influence he seemed to have over the market. Since then he has said little about bitcoin and ethereum (ETH), but now it seems to be hitting again.
Bitcoin to $69,000?
As we now know from Elon Musk, he posted a message on Twitter today with a joke undertone. In his message he refers to the numbers ’69’ and ‘420’. These are numbers that have been close to Elon Musk’s heart for years.
— Elon Musk (@elonmusk) October 21, 2021
Although the price of bitcoin has not yet reached the price point of $69,000, it seems that Musk is eagerly waiting for this magical moment.
Tesla
In addition to personally enjoying the idea of a bitcoin price of $69,000, Musk also has other reasons to look forward to this. Tesla bought an astronomical amount of bitcoins as an investment a few months ago.
The company acquired a whopping $1.5 billion worth of bitcoins in January. Since then, the company has been both in the green and in the red. However, right now the company has a bigger profit than ever before.
Tesla sold about 10% of its bitcoin portfolio in the second quarter of this year. That meant Tesla could add about $272 million to its total profit in that quarter. worth $2.8 billion. That means Tesla made about $1.3 billion in profit on the original investment in January. Not exactly a bad investment.
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