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Reason behind tesla revealing their investment in bitcoin.
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[QUOTE="springtech, post: 86995, member: 29282"] Business men world over have there strategies of making things happen. With a man of the status of Elon Musk, his fame, wealth and social class, it is expected that he will be able to create so much frenzy and noise with his bitcoin investment and such noise will create what is called FOMO (fear of missing out). Which was exactly what happened. The fear of missing out drove up the demand for Bitcoin. And according to the law of economics, when Demand increases, price rises. With this, we all saw the rise in price of Bitcoin which of course caused a ripple effect with the other cryptos. [/QUOTE]
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Reason behind tesla revealing their investment in bitcoin.
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