Black Rock Tesla Earnings and Movements with Bitcoin
Hello, I will talk about the recent news about Tesla, the movements with Bitcoin and other cryptocurrencies, as well as relevant events in the financial market.
Tesla Earning and Movements with Bitcoin?
Tesla's earnings for the first quarter of the year are manifested and showing results below their expectations.
Tesla indicates a profit per share lower than expected and some due to lower assets than expected.
It is stated that even the Tesla company has not sold any of its 712 million dollars in Bitcoin during the first quarter of 2024.
Despite the poor results, Tesla maintains the same amount of Bitcoin, generating reactions in the crypto market.
Impact on Cryptocurrencies?
Following the news, a slight initial drop in the price of Bitcoin is observed.
Black Rock ventures into Hedera Hashgraph, driving a 50% growth in its price.
Other Highlights would be ?
The "Mr 100" wallet sells around 1000 Bitcoins after constantly accumulating this cryptocurrency.
Low sales by Gray Scale are mentioned and the daily impact on Arcam is analyzed.
Bitcoin Transaction and Accumulation by Black Rock ?
A significant transaction made by Gray scale to sell bitcoin is discussed and the possible influence on the price of bitcoin due to the growing demand with ETFs is mentioned.
It is also noted that Black Rock continues to accumulate bitcoin, although in smaller quantities than previously.
Gray scale transaction ?
Gray scale made a transaction to sell 700 bitcoins, equivalent to 46 million dollars.
Selling pressure decreases as Gray scale is reaching the end of its bitcoin sales.
Accumulation by Black Rock ?
Although Black Rock continues to accumulate bitcoin, the current amount is less than in the past.
The current accumulation of Black Rock is secondary due to the low sale of bitcoin by Gray scale.
Impact on Price and Good Momentum in Crypto?
- The possible impact of market behavior on the price of bitcoin is addressed and a positive moment in the crypto world is highlighted due to the current circumstances.
Conclusion on Price Impact
An increase in demand is expected with ETFs, which could be reflected in an increase in the price of bitcoin soon.
A Good Time in Crypto.
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At the moment TESLA doesn't seem to be doing so well. If the shares were to move up to $120 I believe it could be a good deal.
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Yes, of course, that's what Tesla is taking the risk, so it bets that the shares can rise at that price.