Will Tesla Buy Ether?

Pen Magnet
The Startup
Published in
11 min readFeb 10, 2021

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Photo by Matt Henry on Unsplash

On Jan 29, after Elon Musk’s addition of BTC to his online bio, BTC surged 20%. Yesterday, when Tesla bought $1.5B worth of BTC, its price surged about 10%.

Crypto speculators, and now even market analysts, have often forecasted that BTC could easily break $100K any day, because of its limited supply. This is because the world will never have more than 21M Bitcoins.

Earlier, Elon Musk sent Doge to the moon

When Elon Musk Tweeted about Ethereum:

What very few remember is that Elon is used to announce his crypto-obsession on Twitter. He tweeted about Ethereum some 22 months ago:

This was followed by a question:

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Pen Magnet
The Startup

Author of Comprehensive Approach to Senior Developer Interview), Startup writer, Programmer, Tech Career Blogger, Education Engagement Enthusiast