Published in

The Startup

Feb 10, 2021

11 min read

Will Tesla Buy Ether?

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.

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