{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=IT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Confused+critics+question+Tesla+over+Bitcoin+acquisition&text=While+Bitcoin+has+been+making+waves+and+turning+profits+for+retailers+and+institutions%2C+critics+are+still+confused+over+Tesla%27s+investment.&text=Despite+the+impressive+return+on+investment+that+Bitcoin+has+been+boasting+since+its+launch%2C+there+are+still+critics+who+are+surprised+Tesla+has+invested+its+shares+into+cryptocurrency.%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.ft.com%2Fcontent%2F13540c65-5a9e-41d0-866e-215b2dd2e03c%22%3EIn+conversation+with%C2%A0Financial+Times%3C%2Fa%3E%2C+Jerry+Klein%2C+managing+director+at+Treasury+Partners+offered+that+he+sees+no+use+case+in+corporate+cash+going+towards+the+cryptocurrency+market.+In+the+same+report%2C+financial+Times+noted+that+Campbell+Harvey+of+Duke+University+slated+Tesla%E2%80%99s+Bitcoin+purchase+as+a+risky+endeavour+which+won%27t+resolve+any+market+uncertainties+as+it+won%27t+hedge+against+fiat.%0A%0AOther+criticisms+from+analysts+and+field+experts+say+that+Tesla+acquiring+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fit%2Fpiattaforme-di-trading%2F%22%3EBitcoin%3C%2Fa%3E+could+put+a+strain+on+the+safety+of+shareholders+given+the+volatility+and+rollercoaster+price+of+the+cryptocurrency+market.+Pointing+to+previous+crashes+following+bull+rallies%2C+the+critics+see+this+move+as+a+risky+one+not+just+for+Musk+but+for+those+holding+stocks+across+the+board.%0A%3Ch2%3ECritics+missing+the+mark%3C%2Fh2%3E%0AIt%27s+worthwhile+noting+that+while+Bitcoin+has+inherently+been+volatile+and+the+market+has+faced+crashes%2C+there+has+recovery+after+each+time+the+price+sinks.+A+year+ago%2C+Bitcoin+was+about+to+face+a+massive+dip+in+price+heading+into+a+period+of+financial+uncertainty+as+the+global+pandemic+shut+industries+down.+However%2C+as+it+stands+currently%2C+the+Bitcoin+price+is+sitting+around+the+highest+it+has+ever.%0A%3Ch2%3EOther+firms+buying+Bitcoin%3C%2Fh2%3E%0ATesla%27s+move+to+acquiring+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fit%2Fplus500%2F%22%3EBitcoin%3C%2Fa%3E+also+follows+in+the+footsteps+of+other+institutions+who+have+been+investing+in+the+cryptocurrency+market.+Notable%2C+Grayscale+started+acquiring+Bitcoin+and+has+been+exponentially+increasing+how+much+it+has+been+storing.+MicroStrategy+is+also+worth+noting%2C+holding+%241.1+billion+USD+worth+of+Bitcoin+in+the+past+six+months+and+making+a+200%25+increase+on+this+purchase.%0A%0AMichael+Saylor+of+MicroStrategy+CEO+suggested+to+Musk+in+a+tweet+recently+and+followed+the+news+of+Tesla%27s+purchase+with+congratulations.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3ECongratulations+%26amp%3B+thank+you+to+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Felonmusk%3Fref_src%3Dtwsrc%255Etfw%22%3E%40elonmusk%3C%2Fa%3E+%26amp%3B+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FTesla%3Fref_src%3Dtwsrc%255Etfw%22%3E%40Tesla%3C%2Fa%3E+on+adding+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2FBitcoin%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23Bitcoin%3C%2Fa%3E+to+their+balance+sheet.+The+entire+world+will+benefit+from+this+leadership.%3Ca+href%3D%22https%3A%2F%2Ft.co%2FFVTepBqAI2%22%3Ehttps%3A%2F%2Ft.co%2FFVTepBqAI2%3C%2Fa%3E%3C%2Fp%3E%0A%E2%80%94+Michael+Saylor+%28%40michael_saylor%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fmichael_saylor%2Fstatus%2F1358766845491351554%3Fref_src%3Dtwsrc%255Etfw%22%3EFebruary+8%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E","timeout":15}