Tesla announces an investment of $1.5 billion in Bitcoin this morning with rumours of receiving payments in BTC. Tesla’s news gave Bitcoin an immediate boost, today we are seeing new all-time high trading prices.
This morning’s Tesla-inspired Bitcoin price rally comes during an unprecedented social media call to arms about Dogecoin, started by Elon Musk, who was most recently joined by Kiss’ Gene Simmons’ and Snoop Dog, who now goes by Snoop DOGE.
“These recent events show how many more people are ready to embrace cryptocurrencies which is good for the entire community and a decentralized financial future. At Coinberry we are striving to provide Canadian’s convenient access to cryptocurrency in a first-class financial experience.”
– Andrei Poliakov, CEO
It’s looking like Tesla gave Bitcoin and crypto a credibility boost that inspires participation. Tesla’s move is being watched by CEO’s worldwide and can pave the way for similar corporate investing.
Adoption starts with awareness and that’s what we’re seeing from the recent social media activity by Elon Musk and Tesla’s Bitcoin investment strategy.
Coinberry is committed to transparency, compliance, fostering crypto adoption and developing a world-class financial eco-system in Canada.
We recently submitted our application to be a registered dealer with the Ontario Securities Commission and have partnered with Gemini Trust Co for crypto custody services, following the acquisition of a financial institution bond, underwritten by Lloyd’s of London.