Yes. I edited my post to reflect this. While Musk has a mammoth amount of control over Tesla (many CEO of publicly traded co's do not) I should have been more specific to Tesla's BTC not Musk personal holdings, if any.

Bitcoin back to 41k and Etherium is back to 2300+

Just in case you've not looked at your accounts lately

Inching up on 50k.

Breached 50k this morning

Wait a minute !!!

I thought Jbyrd63 proclaimed bitcoin dead & buried ?

w

Don't listen to geographically confused Kentuckians

priceless

51k again

More than once.

If governments can't regulate its fluctuations, or tax its profits, why would we assume it will ever be a legal tender in any country. Imagine if a barrel of oil was tied to Bitcoin. How would transportation possibly budget their business? How would you operate any business that used fuel? How would you bid on contracts if you had no way to hedge the currency swings?

Governments shouldn't regulate. The market should.

Oh and any profits made by selling cryptocurrency has always been a taxable event

C'mon man. Crypto profits are capital gains, though I would assume the people mining it might might have some fancy accounting to determine the tax liabilities. El Salvador has basically made Bitcoin their official currency. "Normal" currencies fluctuate all the time.

Governments cant regulate the values of their own currencies, though they can do things that can influence what the value is(inflation/deflation as a result of spending policies). That's how George Soros made a lot of his money by causing several countries currencies to crash.

55k was breached this .morning.

On "volatility"....

The natural state of almost everything on earth is always changing.

The odd attribute, the outlier, the weird thing is "stable".

If something is stable for any material amount of time it is manipulated. Volatility is just a matter of time.

If bitcoin remains extremely volatile like it has been it won't make it a viable medium of exchange for the masses

57 to 58k.

Someone didn't get the memo

Think Bitcoin ETFs just got the regulatory go ahead

A futures based Bitcoin ETF doesn't even begin to budge my GAFmeter.

Reminder: With a small amount of education/work Bitcoin is extremely easy to self custody in a manner that even a State actor/military would have a tough time confiscating from you. Few understand this. Even fewer understand the implications.