Elon Musk, the chief executive of Tesla, recently announced his company had bought US$1.5 billion (almost A$2 billion) of Bitcoin. The announcement led to a flurry of enthusiasm and a quick surge in price for the controversial cryptocurrency.

This price bump has been good news for Musk in the short term. At one point, Tesla’s Bitcoin investment had gained more than US$1 billion in value. But can the enthusiasm be sustained? I think there is a good chance that over the next year the price of Bitcoin will drop towards its fundamental value, which is nothing.

If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behaviour — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing, which means I will have done A$200 million better than Musk.

Why Musk’s decision is a bad thing
Musk is not doing Tesla’s shareholders any favours. If they wanted to be exposed to the rise and fall of Bitcoin they could just buy some themselves. Now they have no choice; if they want to invest in Tesla electric vehicles, they are also vulnerable to the vagaries of Bitcoin.

The usual justification for making investments more diverse is that it can reduce risk. But buying the extremely volatile Bitcoin will make Tesla’s earnings even more uncertain.

Nor is Musk doing his fans any favours. As a “rock star CEO” with more than 40 million followers on Twitter, his musings are widely reported in other media.

By publicly endorsing Bitcoin, Musk may lead some of his fans to invest in this highly risky speculative asset. They may not be as well placed as a multibillionaire to absorb any losses on their investment. (To be fair, Musk has warned them not to invest their life savings.)

More info: https://www.google.com/amp/s/theconversation.com/amp/bitcoin-this-year-i-stand-to-make-200-million-more-than-elon-musk-155469

Polkadot was the most successful cryptocurrency of 2020. It is looking upon as a promising blockchain that can replace Ethereum’s dominance in 2021. It caught the attention of many other dominating virtual asset investors at the beginning of the boom of decentralized finance.

Best time to invest in Polkadot(DOT)
This technology will be implemented in the main net in 2021. External audits for the “Parachains v1” code and main features for different bridges are already underway and for all of us, the first few months of 2021 are very exciting.
A new all-time high, especially the year’s transition in 2021, is characterized. Except for one scenario, we looked to paint an optimistic image. The DOT token could therefore also be a successful long-term investment.
The assets are also projected to increase by mid-2021 by June-July 2020 to almost 20–25%. It is anticipated that the DOT price will rise between 20 dollars and 30,76 dollars by mid-2021 and near $50 by the end of 2021.
Polkadot is a better investment than some newly introduced coins that also create waves in the crypto industry. The ability of para chains to issue their token — something like what you find in Ethereum’s protocols — is one reason Polkadot rapidly grew into the ranks of top projects.
Start Investing in Polkadot (DOT) Coin
To start investing in Polkadot and/or different cryptocurrencies you initially have to register on-line with an exchange that can permit you to shop for and Buy Polkadot in India. An exchange broker is a web platform that allows you to shop for and sell Polkadot still as the other cryptocurrency that they need to be listed.
If you wish to shop for and invest in Polkadot quickly and simply together with your MasterCard explore BuyUcoin Exchange!
Is Polkadot (DOT) a good investment in 2021?
If you are planning to invest in Polkadot and buy Polkadot at best price, then 2021 is the best time to invest in Polkadot as the DOT value is increasing since the start of 2021 and it is expected that Ethereum value will continue rising and will soon cross the XRP and Litecoin value. so it’s the best time to buy Polkadot in 2021.

More info: https://medium.com/buyucoin-talks/why-2021-is-the-best-time-to-invest-in-polkadot-78c909cc2edb

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more info:

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After a bumpy start that included the hacking of 60% of the firm’s ICO funding, Polkadot is finally ready for public usage. This next-generation blockchain brings a host of new functionality and interoperability to the market. Consequently, Polkadot is one of the most anticipated projects in the sector at this time. Here are some of the reasons why this platform continues to garner new support.

What is Polkadot (DOT)?

Polkadot is a multi-chain application environment that enables cross-chain interoperability on a level previously unimaginable. Specifically, Polkadot allows users to send more than just tokens across blockchains. Polkadot allows these networks to communicate actual data.

What Problems Does Polkadot (DOT) Solve?

Polkadot attempts to tackle one of the most pressing issues facing the blockchain sector, interoperability. Currently, the market is in a state of extreme compartmentalization. Blockchains function as separate islands of data with little way of leveraging the information the other networks posses. Polkadot eliminates these concerns through the integration of a variety of proprietary technologies. Notably, Polkadot is even able to communicate information from private blockchains to public networks and vice versa.

More info:
https://www.securities.io/investing-in-polkadot-dot-everything-you-need-to-know/

Along with the explosion of interest in digital currency and all of its implications for both new and traditional businesses, there is a growing need for clarity regarding the legal implications of these new technologies and currencies. As governments around the world, regulatory agencies, central banks, and other financial institutions are working to understand the nature and meaning of digital currencies, individual investors can make a great deal of money investing in this new space. On the other hand, investors assume certain legal risks when they buy and sell cryptocurrencies.


While digital currency might be easy to confuse for conventional electronic money, it is not the same; similarly, it is unlike conventional cash currencies because it cannot be physically owned and transferred between parties. Much of the murkiness of the legal standing of digital currency is due to the fact that the space has only recently become popular as compared with more traditional currency and payment systems. Below, we'll explore some of the emerging legal implications associated with investing in cryptocurrencies.
Cryptocurrencies as Property
One of the most critical legal considerations for any cryptocurrency investor has to do with the way that central authorities view cryptocurrency holdings. In the U.S., the IRS has defined cryptocurrencies as property, rather than as currencies proper. This means that individual investors are beholden to capital gains tax laws when it comes to reporting their cryptocurrency expenses and profits on their annual tax returns, regardless of where they purchased digital coins.

More info: https://www.investopedia.com/tech/what-are-legal-risks-cryptocurrency-investors/

Bitcoin was created in early 2009. Since then, we’ve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $41,000+ per Bitcoin. One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $33,000 per bitcoin) would be worth over $330 million today, pitted against the $40 or so they were worth then.

Is there any limit to this growth, and if so, where is it? While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoin’s price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hindrance in Bitcoin growing up to 30 times its current price. Here’s what those evangelists think Bitcoin will go on to be worth:

More info: https://www.bitcoinprice.com/predictions/

The Polkadot blockchain is now fully decentralized and permissionless after a decision passed by community governance removed the admin rights enjoyed by the Web3 Foundation.

Gavin Wood, the co-founder of Polkadot developer Parity Technologies, tweeted the unshackling as it happened. The governance proposal to remove special admin privileges was enacted around 8 AM UTC on July 21, which signaled the true launch of Polkadot.

Polkadot was live since late May, but it began its life as a permissioned "proof-of-authority" network. The Web3 Foundation both validated the network and had special access to intervene on the blockchain if a crisis were to occur.

These measures were enacted to lower the damage from potential catastrophic security breaches and bugs in the newly-launched network. Over time, validation was decentralized to the community via a proof-of-stake system, which currently employs over half of the DOT tokens in circulation through 197 validators.

A key component of Polkadot consensus is the community governance system, which allows token holders to express their view on key ecosystem parameters. One of these parameters is the denomination of DOT tokens, as Cointelegraph previously reported.

The governance system was used to remove admin access as well, in what Wood called a “nicely poetic” ending. However, the procedure was also required from a practical perspective to test the governance system one last time.

With the vote, Polkadot struck off the “CC1” tag for its mainnet network, standing for “Chain Candidate 1.” This signaled the beginning of the true mainnet for the smart contract platform.

Gearing up for launch

In anticipation of the final launch, Polkadot was busy onboarding companies and developers to its community. 

As Cointelegraph previously reported, the modularity of Polkadot allows it to attract both developers from other smart contract platforms like Ethereum and those from more traditional backgrounds. It uses WebAssembly for its virtual machine, which accepts “Web2” programming languages like Rust and C++ to code DApps. Frameworks to deploy decentralized apps in Solidity, Ethereum’s programming language, are also being developed.

Previously, Parity began integrating Chainlink oracles onto Kusama, Polkadot’s “canary network” used for experimenting with technology in a slightly lower stakes environment.

Cointelegraph also reported that Celer Network was working to bring layer-two scalability over to Polkadot.

As part of the general vision of interoperability, the Web3 Foundation is also funding a variety of projects focused on bridging other blockchains with Polkadot, notably Bitcoin (BTC).

More info: https://cointelegraph.com/news/polkadot-officially-in-mainnet-as-governance-removes-admin-rights