well friends mark today as the day it's all over yes announced by tesla that they purchased 1.5
billion in bitcoin the reason being is to diversify their assets i think that is an
interesting idea we're gonna dig into that today in this video we're gonna talk about elon musk
we're talking about tesla buying 1.5 billion with a b of bitcoin and we're also going to talk about
this dogecoin that he keeps tweeting about we are going to talk about should you invest in bitcoin
should you invest in dogecoin and i think the future of cryptocurrency starting today mark this
is a day of history is about to take off let's get right to it tap the like button here we go so
sec filing that's something that every company has to do right in january 2021 they made a
purchase of 1.5 billion of bitcoin and of course there's a lot of news out there right now this is
somewhat breaking news for today but they're mentioning the fact that they
purchased that to diversify their portfolio and in bigger news and i think a big benefit to them
earning 1.5 billion of bitcoin is the fact that they're moving toward the ability for people to
buy tesla products with bitcoin this is going to be the first time that a major company like
tesla is allowing cryptocurrency as a method of payment i think this is going to pave the way guys
to futures in cryptocurrency and of course they're going to win because they earn so
much now of bitcoin that if they decide hey we're going to go ahead and allow you to buy it's going
to drive up the price and boom shakalaka for them now i got to pull this up guys because you
got to check this out right up here on the board check this out gee i wonder when the news broke
about tesla buying bitcoin look at that surge of price we open today at 39 000 it shoots up
now to 44 000 and counting that's an increase of 556232 oh it keeps going but an increase of 5 500
in one single day thanks to this news breaking out guys i got to say to you though i'm kicking myself
you know why i'm kicking myself now i know this isn't a lot of money but back in 2017 i decided
to buy a little bit of bitcoin and then i sold it and i originally sold it for a total of 279
this is back when it was traded for around fourteen thousand dollars for one bitcoin
oh yeah don't worry you don't need to kick me i'm already kicking myself for the fact that i sold
it then if i would have just held on today that small little 279 nest egg would be worth 833.
it's probably a little bit more by the time i'm done with this video who knows bitcoin is gonna
be worth like fifty thousand but regardless of that i think that bitcoin has a future
today marks a day in history because with tesla taking this momentum not only just to buy the
1.5 in bitcoin but to announce that they're going to eventually start allowing this as a purchase
as a means of purchase i think that's something we need to keep our eyes and ears open to i just did
a video linked up above i'll link it down below to my 2021 investment strategy now you all know
my fans of the channel that i'm trying to pay off the mortgage but i'm taking a small bit of what i
earn ten dollars a week and i'm investing it into bitcoin i started that back in january and i'm
continuing it on even with this news ten dollars a week into bitcoin and the reason behind that is
because bitcoin i think is the future don't worry i'll get into this dogecoin too i'm not interested
in dogecoin you gotta stay tuned because you gotta hear why this is actually uh kind of a
warning because does coin is completely different than bitcoin and there's some things that we may
not be thinking about so i think there's going to be a couple things that happen one there's
probably going to be some people looking into elon musk and all the tweeting activity he has done
some people are already coming out i've already seen it where they're saying that elon
is basically it's like the wolf of wall street coming back again where you have like another
game stop situation he's tweeting about bitcoin in the past meanwhile in the private
he's buying 1.5 billion worth of bitcoin which isn't public until the sec filing so they're doing
all this stuff right making things happen tweeting about it is this uh not a good thing because he's
basically influencing people with his influence that he has on twitter let's look at durgecoin
as an example and therefore he's really able to lift his own profits up it's an interesting
idea but i think but i think where things will go very sour is if he decides to then sell it
therefore being a pump and dump situation i don't think he's going to do that especially announcing
that he wants to use this as a method of payment for tesla products now let's think about this for
a second where they say okay you want to buy a tesla model y boom come up with your bitcoin and
you can use that as a method of payment that's going to open the door for all of these other
ceos to start thinking about this that could we start taking bitcoin for your next apple product
could we start taking bitcoin for a ford vehicle for a cruise line experience for whatever this is
going to open the door and i think it's going to also surge up the price and make bitcoin a
more valuable product now why is bitcoin so much more valuable than let's say right over
here i got uh right here a hundred dollar bill why is bitcoin so much more valuable than a 100
bill well if you're not aware bitcoin is limited it's a limited commodity it's a lot like gold
there's only so much that exists they engineered it that there's only 21 million total bitcoins
they can't add bitcoin after all 21 million are mined within the blockchain so 21 million that's
a limited resource money they can just continue to print when they sign this into law the treasury
just starts print print printing more money now of course that drives the value of the dollar down
but what about dogecoin now dogecoin he's been tweeting a lot about this but i think honestly
it's a big joke it's just like gamestop and i think elon is just totally screwing with people
probably not a good thing to do on this case because while the price of this has gone from like
next to nothing to about eight cents per dose coin you guys got to realize a couple things
if you're not aware if you're getting into this i would actually warn you and start making you
think maybe should i take that and actually start leaning more toward bitcoin as opposed to dogecoin
here's why dosecoin is unlimited it's an unlimited resource so if you're going to think hey i'll buy
into those coins it's only eight cents a coin and eventually it's going to surge up to the price of
bitcoin i don't think that's ever going to happen just based on the fact of the limited resource 21
million bitcoin unlimited amount of dogecoin that kind of makes it kind of pointless and also did
you know that dogecoin actually started as a joke here's a guy that decided to have some fun with
a little bit of a meme a shiba inu dog and they called it dogecoin and it's really just basically
a product of white coin which is a product of bitcoin so at the end of the day i don't know i'm
just not feeling it guys i'm just not feeling it i would rather invest into something that just got
a huge announcement that has the ability of capturing a lot of ceo's attention outside of
tesla to eventually start making cryptocurrency an actual form of payment at the end of the day
though however dogecoin bitcoin litecoin or even my shoe if something is valuable to somebody you
can sell it or give it as a form of payment if somebody thinks that whatever you have to give
is worth it for whatever service or product they're giving you so if you find that this
shoe right here by the way this is a huge shoe isn't it if you find this to be valuable and you
said hey i'll give you my entire house my 6 000 square foot house for your shoe well if this one
shoe is that valuable to you you'll accept it as a form of payment so really uh if you're worried
do you think bitcoin's ever going to actually become a true form of payment well yeah i think so
especially with tesla's news so again mentioned it in a little bit earlier about my investment
strategy i'm using coinbase.com to purchase ten dollars a week into bitcoin every single week
by the way don't use the actual coinbase.com i have a link down below in the description you can
get yourself some free bitcoin when you sign up for using coinbase but when you actually sign up
go to pro.coinbase.com doesn't cost you any more money you get it with part of your sign
up to coinbase but the reason i use pro is here's a good example right here if you wanted to buy 100
worth of bitcoin in coinbase.com it would cost you 2.99 in fees that's a lot of money but on the pro
platform pro.coinbase.com the same amount 100 of bitcoin would only cost you 50 cents in fees and
i think that's an important example and remember with coinbase you actually have a wallet that
you can use as soon as you get verified and you actually own the bitcoin this isn't like robinhood
a weeble where you're investing in the idea of the cryptocurrency you not only invest in it
you actually own what you invest in and i think that's an important part and why i use coinbase
for my cryptocurrency purchases i want to hear from you guys what do you think do you think that
this news is going to shake it up do you think um bitcoin is now going to go to 50 60 70 80 90
000 by the end of next week by the next month by the next year what do you think comment down below
let's have a chat and if you could guess what is the next company that's going to get on board
with this train is it going to be apple what about amazon this year is going to be wild hey check out
these other videos thank you for watching have an awesome day we'll see you next time [end]