Bitcoin Does Not Slow Down After Tesla News!

Bitcoin recorded a record rise after Tesla announced that it bought $ 1.5 billion in Bitcoin.

Bitcoin does not slow down after the Tesla news. The popular cryptocurrency experienced a record increase yesterday after Tesla announced that it bought $ 1.5 billion worth of BTC to the American capital markets regulator (SEC) and tested over $ 47,000. Bitcoin gained almost 20 percent with the rally on Monday. After a slight drop, BTC rebounded and traded around $ 47,014 on 08:02 am. Crypto supporters have long pointed out that it is very important for a corporate company to adopt Bitcoin. However, companies that used Bitcoin as a means of payment were limited to MicroStrategy and Square Inc. Everything has changed radically when the fourth largest company in the S&P 500, managed by Elon Musk, one of the richest business people in the world, entered the Bitcoin world. Fundstrat Global Advisors strategist David Grider said, “We think the assets of companies are important reasons explaining their crypto positions and others will follow this first step.” However, he stated that there is room for the entrance and they think this trend will continue.   “Other Companies in the S&P 500 Will Follow You” Elon Musk, founder of Tesla and SpaceX, asked Michael Saylor, CEO of MicoStrategy, whether it is possible to move Tesla's balance sheet to Bitcoin in a speech on Twitter. Thereupon, Saylor said, "If you want to do a favor to your shareholders worth $ 100 billion, you should move your balance sheet from dollars to Bitcoin." He said "Other companies in the S&P 500 will follow you, and over time, this favor can reach up to $ 1 trillion." Elon Musk asked if such a large transaction was possible, and Saylor said that it was possible and that he had bought 1.3 billion dollars of Bitcoin in the past and could share his tactics with him offline if he wanted.