Tesla's $ 1 billion profit from investing in Bitcoin

Tesla (NASDAQ: TSLA) made about $ 1 billion last month by investing in bitcoin.

Dan Ives, an analyst at investment firm Wedbush Securities, said Tesla was on track to make more money from its investments in Bitcoin than from its 2020 EV sales.

Ives and his team believe that other state-owned companies will follow Tesla in this speculative game.

"We still expect less than 5% of companies to follow this path until more cryptocurrency targets are established," he said. Clearly, it is clear that acceptance is higher in 2021, and we believe that this will have a significant impact on blockchain, payments, banks and more.