Tesla has already seen enormous gains from its recent Bitcoin investment according to analyst data.
According to an analyst at Wedbush Securities, Tesla’s investment is looking at approximately $1 billion USD since it plugged $1.5 billion USD of its balance sheets into cryptocurrency.
Could Tesla’s main profit come from cryptocurrency?
As reported by CNBC, analyst Daniel Ives, the company is heading towards making more money from the crypto investment than the profits selling electric cars in 2020. As Ives noted:
Tesla is “on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020. While the Bitcoin investment is a sideshow for Tesla, it’s clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months.”
He continued to express that Tesla’s investment might influence not only retail investors but also institutional firms. With the influence that Musk seems to have on the market, it’s not unlikely that we’ll see adoption coming from other companies within the next few years. However, Ives predicts that regulation will be a bigger roadblock before more companies look to add Bitcoin to their balance sheets. He did note though, that mainstream adoption of the crypto market is gaining more traction and will see more attention this year:
“We still expect less than 5% of public companies will head down this route until more regulatory goalposts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021.”
While Tesla announced its $1.5 billion USD Bitcoin investment filed to the U.S. Securities and Exchange Commission, it’s not exactly confirmed how much Bitcoin that was and at what price. The number remains approximate at present, but it is likely somewhere between 40,000 and 51,000 Bitcoin tokens.
The post Analyst: Tesla’s already seeing massive gain from Bitcoin appeared first on Coin Insider.
To call yourself an investor is a little like calling yourself a doctor. It is the common perception that the word investing is only used to refer to financial transactions. Financial transactions such as buying and selling stock shares, bonds, mutual funds, and other financial instruments are what investors do. However, investing is much more than just the exchange of money for currency. To truly invest properly one must educate themselves on the entire investing process.
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A Guide to Making Great Investments For Your Family
To call yourself an investor is a little like calling yourself a doctor. It is the common perception that the word investing is only used to refer to financial transactions. Financial transactions such as buying and selling stock shares, bonds, mutual funds, and other financial instruments are what investors do. However, investing is much more than just the exchange of money for currency. To truly invest properly one must educate themselves on the entire investing process.
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Investing itself can be broken down into two different types. Market based investments which are more secure and are designed to hold onto a particular asset for the long-term. They may earn higher returns but may also be more difficult to achieve a steady rate of return. Long-term investment strategies, which seek to gain the most return for the smallest amount of risk. There is always the potential for market or self-directed investments but the best investment strategies are those that offer the greatest chance for profit.
One of the best ways to invest is through the purchase of a variety of different securities. An example of this would be buying stock in a company, a real estate property, or other type of fixed assets. One advantage to buying these assets is that they offer flexibility for growth. Unlike many other forms of investment, there is no ceiling to the growth potential of the securities. These assets tend to also offer less taxes and insurance benefits.
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One way to invest without putting too much of your own money at risk is through bonds and securities. There are several different types of investment bonds including government issued securities, corporate securities, commercial paper, and mortgage backed securities. The majority of investors focus their attention on the return that they can expect to receive on their investment when making these types of investments. They will usually hold onto these securities until they mature. Some people choose to sell their bonds early, but others choose to hold on to them until they have fully matured.
One of the oldest and perhaps most profitable investment strategies is bond investing. These are the safest and most reliable form of investment as long as economic growth is considered. Investing in bonds can give you a steady amount of income over time as long as the economy remains healthy. While it may not give you a constant stream of cash flow, investing in bonds can definitely provide a good return on your money.