Elon Musk – Bitcoin and Ethereum bull INCOMING! ETH/BTC Predictions & Analysis Crypto News 2022

Elon Musk - Bitcoin and Ethereum bull INCOMING! ETH/BTC Predictions & Analysis Crypto News 2022 thumbnail

Tesla CEO Elon Musk has been a big proponent of Bitcoin, and has even called it a “new kind of currency”. Tesla CEO Elon Musk has been a strong supporter of Bitcoin’s Blockchain technology and called it a “new type of currency”.

Tesla purchased 7 ,600 BTC this week for $6 million USD.

The purchase was done through “Tesla Motors Ventures”, a company that is a subsidiary to Tesla Motors.

Although it is unclear why Tesla Motors Ventures purchased the BTC (or any other cryptocurrency), it is possible that Tesla Motors purchased the BTC back.

Although this is not the first Tesla purchase of Bitcoin, it is the first public transaction.

What is Tesla Motors Ventures (TMV)?

Tesla Motors Ventures, a wholly-owned subsidiary of Tesla Motors, is Tesla Motors Ventures. It was established in 2014 in order to invest in startups developing new technologies for automotive
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