TLDR
- A new report sends Bitcoin to the moon.
- $MEDA is ready for a significant surge after the latest Bitcoin revelation.
Arkham Intelligence reveals the size of Tesla and SpaceX’s Bitcoin (BTC) portfolios. How does this affect the crypto market in general? How does it make Milei Moneda ($MEDA) one of the top crypto coins to buy? Let’s find out!
Economize Like Milei: Invest in $MEDA!
Tesla and SpaceX Are Bitcoin Whales, Says Arkham Intelligence
On March 7, 2024, Arkham Intelligence revealed in an X post that it had identified the Bitcoin addresses of Tesla and SpaceX. According to the post, Tesla holds 11,510 BTC worth $780 million across 68 addresses, and SpaceX holds 8,290 BTC worth $560 million across 28 addresses.
Arkham further revealed that the holdings check out with financial statements from the two companies. Tesla initially bought $1.5 billion worth of Bitcoin in January 2021. The company then sold BTC worth $272 million in Q1 2021. Another sale valued at $936 million occurred in Q2 2022.
The crypto community has always speculated on the extent of Tesla and SpaceX’s Bitcoin holdings. However, this report has provided some clarity. The market has also responded favorably. Bitcoin price has gained 9.6%, rising from $66,099.74 to $72,474.88.
Some experts say this latest pump means the 2024 crypto bull cycle is on, as Bitcoin surpassed its previous ATH. BTC’s uptick has also spread to the rest of the market. Altcoins like Ethereum also posted decent surges as BTC rose.
This surge is expected to accelerate after the halving in April. If this happens, analysts say BTC can reach $157,506 in 2024.
How Milei Moneda Will Benefit From Favorable Bitcoin News
Milei Moneda is a new meme coin that combines blockchain technology with typical meme coin humor and politics. It was inspired by a libertarian politician and Argentina’s president, Javier Milei. Milei is famous for his radical economic ideas and support for cryptocurrency.
This project embraces these ideals and wants to make its community a haven for people who rebel against conventional economic wisdom. This community will be available on X, Reddit, and Discord.
$MEDA is Milei Moneda’s membership and governance token. To join the community, you need to purchase $MEDA. The presale is ongoing, and you can get $MEDA in Stage 1 for $0.010. Also, $MEDA is expected to surge 100% to $0.020 in time for the launch.
However, experts say this is not the only $MEDA surge investors should expect. With the revelation of Tesla and SpaceX’s huge BTC holdings, the market has been injected with new optimism.
As with previous bull runs, this optimism spreads to meme coins like Milei Moneda. In the crypto rally that occurred earlier this year, Solana meme coins led other meme coins. Experts predict that Milei Moneda is coming at the right time to benefit from this bull cycle.
Another perk of owning $MEDA is its deflationary characteristic. Five percent of the total supply will be burned to maintain the token’s value. You can also earn rewards for innovative proposals. In addition, locked liquidity and smart contract audits ensure that Milei Moneda is secure for you.
All these make Milei Moneda one of the best cryptos to invest in during this bull cycle.
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