The Ox market
Monday blues no more with Tesla revealing that it has US$1.5b worth of bitcoins in its balance sheet. The news instantly pumped up BTC by nearly US$9k, which was the biggest daily gains in its history! My oh my… Twitter is also reportedly thinking likewise in a recent interview with its CFO and going as far paying employees in BTC. Empty leather wallet, full Ledger wallet.
Elon Musk is still not done. Tweeting about his Dogecoin gift for his son recently, giving him an unofficial title of ‘Toddler Hodler’. Starting them young, earning the crypto street cred. He is not alone, Mark Cuban has also bought his son US$5 worth of Dogecoins. A Doge is a man’s best friend.
With Chinese Lunar New Year Coming up, can we have bitcoins in ang paos instead? Hint hint… Happy Lunar New Year to all. Invest wisely, avoid leverage and stay safe.
Bitcoin Market Cap Surpasses Tesla
Bitcoin is unstoppable and over the last year its market cap has doubled and then some. The massive flood of capital has caused the market cap o the scarce cryptocurrency to now surpass many major publicly traded corporations and even fiat currencies.
The most recent wave of buying has been driven by news that Telsa had acquired $1.5 billion worth of BTC, but ironically, the momentum pushed Bitcoin’s market cap beyond that of the Musk-led automaker. Here’s what few companies and assets remain ahead of the first ever cryptocurrency.
Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets
Twitter may be pursuing adding Bitcoin to its balance sheet, to follow Square, which is also run by Jack Dorsey. The firm’s chief financial officer Ned Segal indicated in an interview with CNBC that the firm is considering BTC as an asset that it can add to its balance sheet.
This discussion comes after Tesla shocked the world when it was unveiled to have bought a large sum of Bitcoin recently.
Youngest HODLer ever? Elon Musk buys DOGE for his 9-month-old son
Elon Musk’s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record.
In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud — or maybe just fussy — owner of some Dogecoin (DOGE), referring to him as a "toddler HODLer."
Mastercard Will Let Merchants Accept Payments in Crypto This Year
Mastercard is planning to give merchants the option to receive payments in cryptocurrency later this year.
According to a source familiar with the matter, the functionality will see Mastercard customers’ digital currency payments settled in crypto at participating merchants, a first for the financial giant. The company has not yet disclosed which digital currencies it intends to support, or where.
📈MARKET PULSE
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