Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance

Corporate uptake hits inflection point as Tesla’s Elon Musk buys Bitcoin In a move that has electrified the crypto market, Tesla has added $1.5 billion worth of Bitcoin to its balance sheet, and expects to accept the cryptoasset as payment in the near future. The news is not only another milestone for Bitcoin, which soared 20% onContinue reading “Tesla’s $1.5 billion Bitcoin buy could forever change corporate finance”

Bitcoin is headed for the moon — how far will it go?

2020 saw Bitcoin jump 150%, more than any other asset class. Why did this happen, and what will Bitcoin do in 2021? Overall, 2020 was an interesting year for the markets, in which Bitcoin stood out. The decentralised cryptoasset jumped more than 150%, more than any stock market index or gold, and its rise hasContinue reading “Bitcoin is headed for the moon — how far will it go?”

Second effective vaccine fuels rally, Tesla joins S&P

Dominating headlines yesterday was the news that Moderna’s Covid-19 vaccine has proven 94.5% effective in a late-stage trial, a week after Pfizer reported similar results in its own trial. More data is expected from the study later this month, and Moderna said that it plans to ask health authorities to clear the vaccine by earlyContinue reading “Second effective vaccine fuels rally, Tesla joins S&P”

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