Max Keiser: Oracle will invest in Bitcoin
Max Keiser: Oracle will invest in Bitcoin
Bitcoin

Max Keiser: Oracle will invest in Bitcoin

By Eleonora Spagnolo - 10 Feb 2021

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According to Max Keiser, Oracle will be the next big player to make its entry into Bitcoin.

Max Keiser revealed this in a tweet that leaves no room for misunderstanding:

The tweet follows the official news of Tesla investing $1.5 billion in bitcoin. Other rumours would have Apple ready to enter the market of the queen of cryptocurrencies. 

Why Oracle might invest in Bitcoin

Max Keiser is a journalist and TV host who is well-informed about the cryptocurrency landscape, which is why his indiscretion about Oracle is definitely reliable

After all, Oracle is definitely a company already involved in blockchain. At the moment it appears to have active both Oracle Blockchain Platform and Hyperledger Fabric

Forbes considers it among the 50 companies driving the blockchain revolution

It should also be mentioned that Oracle’s founder Larry Ellison, besides being one of the richest men in the world, is one of Tesla’s largest shareholders

He had bought Tesla shares in December 2018 worth $15 million. Today, those shares are worth significantly more, so much so that they are now worth over $12 billion. 

It’s no coincidence that he’s also part of Tesla’s board of directors, Plus Ellison and Elon Musk are friends as well as business partners.

In short, it is not unlikely that in the end the choice of Elon Musk and Tesla could have an impact also on Oracle. 

Certainly, the purchase of Bitcoin by Tesla has done well to the price of Bitcoin, which has skyrocketed to new records. As soon as the news broke, Bitcoin reached $48,000 and then retracted. Today, Bitcoin is worth $46,700. 

This wasn’t the case for Tesla, whose shares rose in the immediacy of the news, going from $851 to $868, but then fell back to $844. TSLA is currently trading at $849 and is given a premarket decline of more than 1.5%.

 

Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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