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Tesla's revelation this month of a record $ 1.5 billion in Bitcoin payments has raised several eyebrows. But in the short term, it seems to have paid off. After the cryptocurrency hit a record above $ 58,000 this weekend, Tesla expects to make a profit of $ 1 billion in less than a month. It's a bigger surplus than Tesla ever realized from electric vehicle sales and it appears to have triumphed over skeptics who contend Elon Musk is risking investor cash.But Monday's sharp drop in Bitcoin's price represents a downside to gambling. The cryptocurrency fell as much as 10pc at one point, dipping below $ 50,000 before a slight rebound.

Musk was เกมสล็อตฟรี viewed quite responsible, tweeting over the weekend that the price "seemed high" while US Treasury Secretary Janet Yellen criticized Bitcoin as inefficient and speculative.Tesla's share price was also down, down 8.6pc on the company's worst day since September, when a presentation about battery operation disappointed investors, with Musk losing its position. Of him as the richest person in the world of Jeff Bezos, according to Bloomberg's Billionaire Index.Monday's selloff coincided with a fall in more risky technology stocks amid rising U.S. bond yields and after Tesla immediately stopped selling its cheapest Model Y. But analysts also linked the Bitcoin slump, asking if Tesla's market fortunes were tied to volatile digital coins.

Bitcoin's estimated $ 2.5 billion of Bitcoin is a small portion of the $ 685 billion market capitalization. However, a $ 1 billion increase in its cryptocurrency holdings in the past few weeks alone resulted in a $ 721 million profit the company made in all of 2020.Car companies and cryptocurrencies share a few other traits, both popular with enthusiastic amateur investors about the future and those who might view Bitcoin's price movement unstoppable in the gap between financial updates. Tesla's quarterly Both are also a source of return for investors affected by low interest rates and bond yields, and since Tesla has announced its intention to accept Bitcoin as a form of payment, a drop in value may later be sent. Effect on historical sales

With Tesla diving into the bottom of the Bitcoin pool, Musk is at risk that this sideshow could overshadow the fundamental vision of electric cars for investors in the near term, ”said Daniel Ives, analyst at Wedbush Securities. He believes Tesla will be worth $ 1 trillion this year.Bitcoin is a smart move at the right time for Tesla in our opinion. But the downside is that the firecrackers are playing.Musk is now linked to the bitcoin story.Musk tried to ignore the importance of Tesla's Bitcoin betting last week, calling it "dumb liquidity than cash", adding, "When fiat currencies have negative real interest, there is a lot of money. But only a fool will not look elsewhere.If Tesla continues to look elsewhere to place cash, more Bitcoin investments could tie the company into the future of cryptocurrency, however, Musk could resist. After nearly two decades trying to make his company a beacon of a renewable energy movement, he may be wary of becoming a cryptocurrency cheerleader.