photo: AP / David Zalubowski, File
Tesla transfers $760 million in bitcoin: what’s next for Elon Musk’s crypto strategy?
Invezz 16 Oct 2024
Tesla, led by Elon Musk, has stirred speculation in the cryptocurrency world by transferring nearly all of its bitcoin holdings—valued at approximately $765 million—to unknown wallets. This action raises questions about whether the electric vehicle manufacturer is planning to sell its bitcoin ... The company first acquired $1.5 billion worth of bitcoin in February 2021, at one point owning as much as $2.5 billion.
Bitcoin will make a new all-time high before US election: Standard Chartered
Cryptopolitan 16 Oct 2024
Bitcoin could hit $74,000 before the U.S ... Treasury yield curve, increased interest in spot Bitcoin ETFs, and a rising chance of Donald Trump winning the election are creating favorable conditions for Bitcoin ... Kendrick explained that this political setup could be a game changer for Bitcoin, which could benefit from more favorable policies under a Trump-led government ... This means 91.5% of Bitcoin’s total supply is now in profit.