Tesla Makes Its Bitcoin Investment Official! Bitcoin Surges Again, Is It Okay to Buy Now?
3 min read · · Korean original
Bitcoin has skyrocketed once again. According to a filing Tesla submitted to the U.S. Securities and Exchange Commission (SEC), Tesla currently holds bitcoin worth USD 1.5 billion (about KRW 1.68 trillion). On the news of Tesla's bitcoin investment, the price of bitcoin suddenly jumped by about 13%, and it is now hovering around USD 44,000, having set yet another all-time high.
If we assume the current bitcoin price is roughly USD 40,000, that works out to about 37,500 BTC. But since Tesla probably bought at lower prices than this, Tesla's bitcoin holdings are likely at least 37,500 to 50,000 BTC or more. With a total bitcoin supply of 21 million, you could say Tesla holds around 0.2% of all bitcoin.
Dogecoin, which Elon Musk recently flooded with tweets and memes, also rose sharply and hit a new all-time high. This time, though, it's not just a Musk tweet but an investment in bitcoin by a major company, Tesla, so it seems we can look forward to more companies getting involved in bitcoin going forward.
Bitcoin: Is It Okay to Buy Now?
Because of all this, many of you are probably wondering whether it's okay to buy bitcoin now. If you're looking to buy bitcoin even at this point, rather than rushing in just because the price has gone up a lot, it may be a good idea to consider a dollar-cost averaging strategy, where you regularly buy a moderate amount of bitcoin every week or every month.
Also, since bitcoin is a highly volatile, risky asset, rather than investing a large sum, many people seem to consider investing an amount they can afford to lose, around 1% of their portfolio. Of course, every final investment decision is your own, but not losing money is just as important as making it, so it's probably best to think about your investment goals and build a strategy that fits them!
If you're planning to buy bitcoin, signing up through the link below gets you a sign-up bonus and trading fee discounts.
- Sign up for Coinone and buy bitcoin (sign-up bonus + fee discount): coinone.co.kr/user/signup?ref=XUN82TBX
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