Elon Bought $1.5 Billion In Bitcoin This Morning And Sent The Price Moonward

 

 

Thank you Uncle Elon! Nothing better than waking up, wiping the sleep from your eyes, opening up your phone, watching a new episode of Boozin Burgers, and finding out that you're richer than you were 7 hours ago. And all thanks to a nice man named Elon Musk.

 

(Reuters) - Tesla Inc said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a more than 10% jump in the electronic currency.

Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.

“One of the largest companies in the world now owns Bitcoin and by extension, every investor that owns Tesla (or even just an S&P 500 fund) has exposure to it as well.”

 

What a mensch, as they say. There are only 3 things I love in this world: nachos, Bitcoin, and $Penn. And until someone creates a way to make me rich off nachos, Bitcoin and Penn are my true loves. 

Will Elon's investment now normalize paying for things with BTC? Not overnight, but every little step forward helps. All I know is I'm going to hold and hold and hold and then one day buy a house. Maybe a boat. Maybe a house boat. We'll see. Long time to go. BTC to $100k next.