BITCOIN - Why Did Elon Musk Buy $1.5billion?

TESLA announced it has bought $1.5 billion worth of bitcoin. Buy yours at Axi(Winner of The Most Trusted Forex Broker, UK Forex Awards) now including cryptocurrency.

Elon Musk in an attempt to “further diversify and maximize returns on our cash.” has invested in the future.

The billionaire Tesla owned added the hashtag #bitcoin to his twitter bio, a move that helped to briefly push up the price of cryptocurrency by as much as 20%. Two days later, he said on the social medial chat site Clubhouse: “I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin”

What is cryptocurrency trading?

Cryptocurrency trading enables you to speculate on cryptocurrency price movements with financial derivatives like spread bets and CFDs.

The spread is the difference between the buy and sell prices quoted for a cryptocurrency. If you want to open a long position, you’ll trade at the buy price, which is slightly above the current market price. If you want to open a short position, you’ll trade at the sell price — slightly below the current market price.

A contract for differences (CFD) is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash settled. There is no delivery of physical goods or securities with CFDs. *This is not a method legal for use in the US however.

Buying and selling cryptocurrencies via an exchange

Buying and selling cryptocurrencies through an exchange means you’re taking direct ownership of the coins. This means you’ll need to create an exchange account and digital wallet. You’ll also have to put up the full value of the asset to open a position — because leverage isn’t available when buying cryptos directly.

How much can be made?

‘Cryptocurrency day trading can end up being a very lucrative pursuit so long as it is properly executed’. So study it, obsess over it, dedicate to it, and you will see a life-changing shift in your financial situation. Crypto is the future. If you invested $500 at the start of BITCOIN it would be worth upwards of $20,000,000 now, and it is yet to reach its peak.

People who do not do this(building a strong asset column)are missing out on a great opportunity to make MONEY WORK FOR YOU. Be financially smart and invest in the future, as Elon Musk is.

You can buy cryptocurrency here at AXI, winner of the most reliable broker!