ICYMI: financial expert Mohamed A. El-Erian believes the recent increase of Bitcoin signals the end of the cryptowinter BTC $BTC BTCprice
Tesla dumps $940 million worth of Bitcoin
Earlier this week, the fact of Tesla converting 75 percent of its Bitcoin holdings into cash pushed the price of the flagship cryptocurrency roughly 3 percent down – slightly above the $23,000 level. Tesla has sold the most of the Bitcoin it had been holding since early 2021 when it acquired a $1.5 billion worth of BTC and then started accepting it as payment. However, later that year, it shut down BTC payments over reasons to do with environmental concerns about Bitcoin mining.that the company is open to buying more Bitcoin in the future and this sale should not be viewed as a negative attitude towards BTC.
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