Bitcoin breaks $47,000-mark following Tesla purchase

Hanno Labuschagne

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Bitcoin breaks $47,000-mark following Tesla purchase

Bitcoin hit a fresh record above $47,000 on Tuesday after Tesla Inc.’s announcement of a $1.5 billion investment in the largest cryptocurrency.

The token rose as much as 6.3% to almost $47,493 in Asian trading before paring some of the gains. It was at about $46,455 as of 12:22 p.m. in Hong Kong. Tesla’s disclosure Monday sent the price soaring.

The company also said it would begin accepting the digital token as a form of payment for its electric cars. The developments amounted to the biggest endorsement of the controversial cryptocurrency by a mainstream firm.

[Bloomberg]
 

RaptorSA

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Sep 2, 2008
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Insane to think that this is now the only real thing of value I have.
I'd list my property too, but the ANC just called and said they want their flat back.
 

Hellhound105

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Jun 5, 2018
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6,103
Now go back to 2018 and we have stupid comment like "to the moon".

I had to cash out, if only I could have left it.
 

Flywheel

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May 11, 2009
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I cashed out half of my BTC this morning... pretty profit that I now need to declare to SARS.
 

RaptorSA

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This is true

Yeah, the way things are going right now I won't be surprised to see USD printing on an episode of Megafactories soon.
Big k@k is coming, I think people are slowly starting to realize it, and feel it in the air... *sniff* *sniif*
 
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