Tesla Supercharges Bitcoin
Elon Musk shocked the world again this week when Tesla announced they had added $1.5 billion Bitcoin to their balance sheet (CNBC). With this announcement came the confirmation that Tesla would be accepting Bitcoin for those who would like to buy a Tesla electric vehicle.
The news resulted in a massive Bitcoin upswing, printing its largest daily candle in history of over $8,500. At the time of writing, Bitcoin made all-time highs again, touching an astonishing $49,000 as sights are set on the major milestone of a $50k BTC.
There is immense change-causing pressure happening within public companies and major corporations. Those who adopt crypto are skyrocketing, and those who don’t, well, let’s just say those boardroom meetings must be tense. With this pressure building, came a cascading amount of positive developments in crypto.
Corporations Talk Crypto
Apple is feeling the heat; this week, it was rumored they may also be adding Bitcoin to their balance sheet. However, it is confirmed that they have been involved in talks regarding considering support for crypto payments and transactions (Reuters).
Mastercard has confirmed that they will accept crypto payments this year for their merchant processors, a massive step for the industry (CoinDesk). Uber confirmed they may start accepting Bitcoin payments for their rides, says their CEO (DeCrypt).
Even Twitter is looking into Bitcoin payments for their employees (CoinTelegraph), while also committing to donate $1 Million to Coin Center to support lobbying efforts for more accepting and clearer regulations on crypto (CoinTelegraph).
In more cryptic news, Amazon announced it is hiring developers for a digital currency project that will initially be launched in Mexico (DeCrypt). International fan-fare for crypto is spreading, as Paypal is also expanding its crypto services to UK residents (DeCrypt).
If that wasn’t enough, America’s oldest bank, BNY Mellon, announced they too plan to put plans in place to custody Bitcoin and additional crypto assets (CoinTelegraph). In the words of the chief executive of BNY Mellon’s asset-servicing business, “Digital assets are becoming ‘part of the mainstream."
Yes, yes they are. As both mainstream retail investors, public companies and corporations adopt crypto, the people are in anticipation of future parabolic moves.
Top Market Movers
- Avalanche (AVAX) +173%
- BitTorrent (BTT) +171%
- IOTA (IOT) +138%
- Elrond (EGLD) +124%
Introducing the Voyager Loyalty Program
We are very excited to unveil our brand new Loyalty Program for our Voyager customers to the entire community.
In this program, users in each tier, Explorer, Navigator, or Voyager, will receive benefits and rewards in our updated program.
Read our official blog post to learn more about Voyager’s new Loyalty program, as well as get the details about our upcoming Token Swap.
Decrypt > "The 9 Public Companies With the Biggest Bitcoin Portfolios"
Decrypt > "Russia Receives Largest Shipment of Bitcoin Miners Ever"
Decrypt > "What Will Happen to Bitcoin After All 21 Million are Mined?"
Cointelegraph > "BTC Miners Pocket $4M in 60 Minutes, the Highest Hourly Revenue in Bitcoin's History"
Cointelegraph > "Bitcoin Price Breaks $40K: Here’s Where BTC May Go Next"
CNBC > "Feeling the Heat From Employees, Wall Street Banks Get Closer to Adopting Bitcoin"