Skip to main content

Elon Musk should kindly buy more Bitcoin, says Michael Saylor

 


What Elon Musk and Michael Saylor have in common? Both hold Bitcoin - and are very staunch Twitter users. Now Michael Saylor thinks that Musk should buy more Bitcoin.


The numerous tweets and comments by the two Americans Musk and Saylor could be described as a Twitter saga. Now the most well-known Bitcoin proponent Saylor calls on the Tesla billionaire Musk to buy more BTC. His comment follows Musk's joke about wanting to buy football club Manchester United:



The above tweet was preceded by a political statement by Musk, in which he said he supports "the left half of the Republican Party as well as the right half of the Democratic Party."


Did we mention the billionaire likes to joke on Twitter?


After joking about wanting to buy Manchester United (or not?), Saylor chimed in.


With his comment, “we would prefer it if you bought more Bitcoin”, he should clearly allude to the Tesla company.


Bitcoin sales in the millions

It was only at the end of July that the carmaker Tesla announced in the results of its second quarterly report that it had sold 75 percent of its reserves in Bitcoin . For that sale, Tesla added around $936 million to its balance sheet. The selling price of the bitcoin was around $42,000, with the company generating a profit of $12,000 per bitcoin.


Just last January, Musk bought $1.5 billion in bitcoin through Tesla.


Unlike the richest man in the world, Saylor would probably only sell Bitcoin over his dead body. A few weeks ago, he changed his positions from CEO to Executive Chairman at the US company Microstrategy in order to concentrate fully on strategic orientation.


MicroStrategy is considered the largest institutional investor in bitcoins: 129,699 BTC can be found on the wallet.


Saylor recently recommended that Argentina adopt Bitcoin as a means of payment in one of his Twitter posts. The reasons for this recommendation are the horrendously high inflation rates of 71% and the National Bank's reference interest rate of 69.5%. The Latin American country has been struggling with increased currency devaluation since the 2000s.


In 2019, 18 Argentine pesos corresponded to one US dollar, but now it is 140 pesos.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more