Sportsjunkie23 said:
Phil,
Elon went all in and crushed it fast
Junkie, we learned of Musk’s investment in bitcoin on February 8 when BTC was around $39,300.
For it to be worth $2.7b today would mean an 80% increase.
At $56,300 it’s up about 44% not 80%. I was just trying to make sense of the numbers.
From my understanding, Musk used Coinbase for the purchase(s).
Coinbase is going public via direct listing soon. Could be a high flyer.
https://markets.businessinsider.com/currencies/news/coinbase-valuation-77-billion-bitcoin-price-soars-past-51000-ipo-2021-2-1030093395