Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Nostoman on March 24, 2021, 12:30:00 PM
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Crypto markets added $100 billion in hours thanks to news Elon Musk's Tesla car company will accept bitcoin as payment.
(https://i.ibb.co/CvDbrDZ/Screenshot-20210324-172816.jpg)
When Elon talks Bitcoin, the market listens. It was no different early in European business hours as the Tesla CEO announced that the company would accept Bitcoin as a form of payment for one of its cars.
While that would be enough for the markets to take a tick upwards - see the Elon effect - the chief executive also announced that the company will keep the money it receives in crypto as crypto. Then things went nuts. Global market cap had been hovering around $1.6-trillion and suddenly shot up into the $1.7 trillion range.
Tesla Bitcoin Announcement Adds Billions to Crypto Markets
(https://decrypt.co/62652/tesla-bitcoin-announcement-adds-billions-to-crypto-markets)