After a few days of Elon Musk posting about meme cryptocurrency Dogecoin on Twitter, Tesla Motors (TSLA) filed with the SEC that it has invested $1.5 billion in Bitcoin. That caused Bitcoin, not Dogecoin, to rally over 12 percent, to $43,000 per coin.
Tesla joins a number of companies that have moved to embrace Bitcoin in the past few months. It’s this rising institutional and corporate demand that makes the cryptocurrency, like all currencies, an accepted medium of exchange. And, oddly enough, that’s also why cryptocurrencies are becoming less risky. The more parties that accept them, the easier it is to buy and sell. That’s why crypto-related stocks have also been exceptional market performers lately, and why that trend is likely to continue. It’s still an early trend, but with big companies and institutions getting on board, now’s the time to take a closer look at crypto if you haven’t yet.
Now here’s the rest of the news:
February 09, 2020
Today is DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
…and two more great pictures of Newfoundland … A place I soon to be living!
February 09, 2019
Habit #6 — Become Reward-Conscious
[Tomorrow — Habit #7] Day seven, and the last of our Seven Habits of Recovering Procrastinators. 🙂