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Reddit Post Reporting Tesla’s Bitcoin Purchase From a Month Ago Was a Hoax


A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Reddit User Says He Was High on Acid When Writing It Tesla’s record-breaking bitcoin purchase stunned the markets earlier this...

Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules


Tesla’s much-discussed recent decision to make a USD 1.5bn bitcoin (BTC) purchase continues to generate ripples in the American business pond – and has led some to claim accountancy rules should be updated to cover corporate crypto investments. Industry observers are calling on the regulatory...

Bitcoin Prices Improved Amidst COVID 19 Fears Following Tesla Investment


In March 2020, when the entire world economy crashed, bitcoin prices sank to $3,867 amidst the fear of the recession caused by the deadly COVID 19. This continued into 2021. When markets were crashing, governments began pumping the trade network with bank funds to recover business from inflationary...

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