Feb 10, 2021 04:36 AM EST
A Reddit poster who claimed to have some insider information of Tesla Inc's (NASDAQ: TSLA) investment in Bitcoin (BTC) alleged that the information he shared to the public back on Jan. 2 was actually not true, or at least not based on some fact at the time he shared it.
According to the the New York Post, the Reddit poster has come clean. There was no leak after all, just some fun made-up prediction that actually came true.
It can be remembered that when Tesla announced its investment on Bitcoin back in Monday, people's attention turned towards the Reddit post that @TSLAInsider wrote five weeks before said announcement.
"I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought 24701 BTC at an average price of 33142$," the user with the handle TSLAinsider posted on Reddit last month," the post read, which was reported by Reuters.
Today, the Post is reporting that the Reddit user behind the TSLAInsider handle is just 24-year old German political science student named Hendrik and that whatever was written on the pst were pure lies.
"If you want to know the truth: I am a young German guy and I was on Acid while I did this post in the last month," Hendrik told the Post in an interview.
"I had this afflatus that Elon is going to buy Bitcoin, so I created this trollpost. And now all the newspapers around the globe are writing about it, its kinda funny and scary to be honest," he explained.
The user posted a link to the Post's story, which implied that he is corroborating it.
Lie or no lie, leak or mere joke, one thing remains: Elon Musk's actual investment on Bitcoin is big news.
The immediate impact is evidence enough.
The bitcoin price hiked up to an all-time high of above $48,000 on Tuesday morning as investors rushed into the asset themselves just because Elon Musk did it.
It can be recalled that Tesla said it had bought up $1.5 billion of the cryptocurrency.
Bitcoin slipped back a little, but was up 6% to $46,214 as of 9am ET once more, as reported by the Business Insider.
One major bitcoin investor predicts the price going up as high $100,000 by the end of 2021.
"You're going to see every company in America do the same thing [as Tesla]," Novogratz, the founder of crypto investment firm Galaxy Digital, told Bloomberg.
Musk's electric car company Tesla certainly caused a ruckus, or a stampede so to speak towards the digital currency.
Tesla has also already said it planned to start accepting bitcoin as payment.
The implications of this remains to be seen.
By examining key aspects such as security measures, customer service, user experience, transaction convenience, and potential for innovation, we strive to offer an in-depth perspective on this reputable trading platform.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.