Major historical moment is happening today – Tesla Inc. buys BTC & ETH for 20% of its capital. This decision was made by Elon Musk, the CEO of Tesla Incorporated.
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“Several factors — such as rising inflation, geopolitical crises, and shifting U.S. monetary policy — continue to drive extra short-term volatility to the crypto and stock markets. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors, that’s a volatility. Though Bitcoin and Ethereum have both had ups and downs short of their all-time highs since then, I expect Bitcoin’s price to exceed $100,000 at some point. No matter if crypto is going up or down, the best thing you can do is to not look at it. Set it and forget it like you would any traditional long-term investment account. If you let your emotions get too much into it then you could sell at the wrong time, or you might make the wrong decision,” says Yang. “You stress out about it, and I don’t think that’s a healthy way to approach it.” – says Elon.
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency—called Ether or ETH or simply Ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value.
The Ethereum platform supports Ether in addition to a network of decentralized apps, otherwise known as “dApps.” Smart contracts, which originated on the Ethereum platform, are a central component of how the platform operates. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries
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