30 minutes ago it has become public that TESLA has invested 1.5 BILLION USD in Bitcoin, with plans to make it an official option of payment for their cars. This is massively bullish news for Bitcoin, since it's the first time that we can now officially buy tangible assets, expensive with Bitcoin.
With Elon Musk on the wheel, WallStreet is looking at every step of TESLA. This may be yet one of their boldest, but smartest moves to date. If TESLA manages to pull this off, we can expect other companies to follow in TESLA's path, creating more spending opportunities for Bitcoin and therefore increasing demand and value.
The news, which hit 30 minutes ago, launched Bitcoin's price upward and created a new ATH around 43k. Since the news is fresh, I'm expecting more investors to hop on the train in the coming few hours, with potentially hitting 50k in the coming week.
60k is my new long term target. Big companies are seeing TESLA doing it, which naturally sparks an interest among other big companies. An truly amazing day for Crypto as a whole.
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