Bitcoin is surging to an all-time high of $44,000 on news that Tesla Motors (NASDAQ: TSLA) just bought $1.5 billion of the cryptocurrency.
It’s the latest signal that Bitcoin is being embraced by huge corporations.
That’s why this new NYSE-backed digital currency exchange could take off. And early investors can jump in at the ground floor level.
Tesla CEO Elon Musk is bullish on cryptos – including Bitcoin and Dogecoin. He recently changed his Twitter bio to read #bitcoin.
“I think Bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people,” explained Musk.
The company explained the Bitcoin stake in a SEC filing. Tesla says buying Bitcoin provides “more flexibility to further diversify and maximize our returns.”
Tesla ended 2020 with $19.4 billion in cash on the balance sheet. This means the company has invested approximately 8% of its cash in Bitcoin.
Tesla will also become the world’s first automaker to accept Bitcoin as payment for its vehicles.
Financial companies including Square (NYSE: SQ) and PayPal (NASDAQ: PYPL) have already begun accepting digital currencies.
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Meanwhile, MicroStrategy (NASDAQ: MSTR) is holding over 71,000 bitcoin valued at over $3 billion. The company’s cryptocurrency holdings have more than doubled in value.
Bitcoin is now trading at $43,628.
The world’s most valuable cryptocurrency has soared over 330% in the last year. And year-to-date gains are now approaching 50%.
One new digital currency exchange is quietly preparing to go public . . .
This exchange was launched by the New York Stock Exchange (NYSE). And it could soon a leading platform for trading cryptos.
The company expects to grow to over 30 million users within the next five years. And annual sales could top $6.6 billion.
This upcoming IPO could get a ton of attention from investors. That’s especially true after 133% gains in PayPal and 212% gains in Square in the last year.
Wall Street firms are lining up to invest over $500 million in this Pre-IPO.
Today, you can jump into this deal too. And you can secure a stake before the deal is done.
Yours in Wealth,