Ethereum Prices Might Go Under $2,000 In The Near Future.
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Tesla & Its $1.5 Bln Bitcoin Investment - Profits Explained.
2021-02-22 | Mike Hallen
“We still expect but 5% of public firms will head down this route until more regulatory goalposts are put in situ around the cryptocurrency market, which is clearly beginning to gain more mainstream adoption in 2021.”Tesla officially announced its $1.5 Bln Bitcoin investment as a part of its filing with the United States SEC [Securities and Exchange Commission] earlier on 8th Feb. It still remains unclear what proportion Bitcoin Tesla bought and at what price, as the firm didn't officially disclosed this information within its filing. As Bitcoin traded between roughly $29,000 and $37,000 within the month of January, a $1.5 billion investment could mean Tesla holds anywhere between 40k and 51k BTC. At the time of reporting, Bitcoin is trading at $56,662 USD, up around 15% over the past week, consistent with data from the CoinMarketCap. Also earlier in January, Tesla reported its first full-year profit, stating that the firm earned $721 Mln within 2020 after an $862 Mln estimated loss in 2019.
