{"id":173345,"date":"2021-02-08T18:06:01","date_gmt":"2021-02-08T15:06:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-goes-into-ludicrous-mode-as-it-briefly-flippens-tesla\/"},"modified":"2021-02-08T18:06:01","modified_gmt":"2021-02-08T15:06:01","slug":"bitcoin-goes-into-ludicrous-mode-as-it-briefly-flippens-tesla","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-goes-into-ludicrous-mode-as-it-briefly-flippens-tesla\/","title":{"rendered":"# Bitcoin goes into ludicrous mode as it briefly flippens Tesla"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin goes into ludicrous mode as it briefly flippens Tesla   <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYmFhNTc2NmItZWVkZC00ZDFiLWJmMzgtMjg1ZDE4ZDEwNTk5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset\u2019s market cap briefly exceeded that of the car manufacturer itself.<\/p>\n<p>For a short time today, Bitcoin (BTC) held a market cap of $807,869,728,188 according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/assetdash.com\/\">data<\/a> from AssetDash, surpassing Tesla\u2019s at $807,829,441,685. Bitcoin held the 7th spot on the list following the announcement, with both Tesla and BTC sitting comfortably above <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s market cap, $765 billion at the time. <\/p>\n<p>The major flippening occurred this morning as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> broke Tesla had purchased an aggregate of $1.5 billion in Bitcoin, to be held as an investment and store of value for its excess cash. Following the announcement, the price of BTC surged to a new all-time high of more than $44,000 before retreating to $43,202.\u00a0Tesla\u2019s stock price rose by more than 2% as markets opened, and is $871.43 at the time of publication.<\/p>\n<p>Bloomberg Intelligence strategist Mike McGlone recently\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1358782981788356611\">predicted<\/a>\u00a0that this Tesla investment may be the catalyst needed to push Bitcoin&#8217;s market cap past $1 trillion for the first time.\u00a0The total cryptocurrency market capitalization hit this value early last month as the price of BTC, Ether (ETH), and many altcoins surged.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-goes-into-ludicrous-mode-as-it-briefly-flippens-tesla\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin goes into ludicrous mode as it briefly flippens Tesla &#8221; Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset\u2019s market cap briefly exceeded that of the car manufacturer itself. For a short time today, Bitcoin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":173346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYmFhNTc2NmItZWVkZC00ZDFiLWJmMzgtMjg1ZDE4ZDEwNTk5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74937,75679,79366,117,36402],"class_list":["post-173345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-price","tag-market-capitalization","tag-market-capitalization-news","tag-business","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/173345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=173345"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/173345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/173346"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=173345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=173345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=173345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}