Bitcoin (BTC) Above $40,000, Bobby Lee Still True to His Tesla Giveaway Promises

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Sun, 01/10/2021 - 10:51
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Vladislav Sopov
Bitcoin (BTC) legend Bobby Lee is going to prove he is a man of his word; the ball is in Elon Musk’s court
Bitcoin (BTC) Above $40,000, Bobby Lee Still True to His Tesla Giveaway Promises
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Entrepreneur and investor Bobby Lee, founding member of Bitcoin Foundation, has confirmed that he is true to his word. A futuristic electric vehicle, Tesla Cybertruck, is at stake when Bitcoin (BTC) rockets over $40,000.

The most generous giveaway in crypto history

Today, Jan. 8, 2021, Bitcoin (BTC) has routinely printed new all-time highs over $41,500. This means that the breathtaking mark of $40,000 may become a support for flagship crypto price dynamics. For Mr. Lee, that means that he has to keep his promise from June 2020 and send a Tesla Cybertruck to one lucky follower.

Bobby Lee giveaways Tesla
Image via Twitter

On June 2, 2020, Bitcoin (BTC) entered five-digit waters for the first time since Black Thursday in Crypto, witnessing a double-digit daily price spike. Mr. Lee announced that he was going to buy a Tesla CyberTruck in 2021 with nothing but one Bitcoin (BTC).

To prove that he was dead serious about this prediction, he promised to give away one free Tesla CyberTruck to a lucky person just for liking and retweeting his announcement. The bet is good until late 2021, so its terms were honored yesterday.

This memorial tweet was retweeted 8,800 times with 607 quote tweets and 10,400 likes in seven months. And its confirmation gained 6,000 retweets in less than half a day!

Will Elon Musk keep his promise?

Meanwhile, Mr. Lee added that, to meet all conditions of the bet, Elon Musk should release Tesla CyberTruck in 2021. The unveiling of the dual-motor AWD vehicle is scheduled for late 2021, while the single-motor versions are expected to arrive in 2022.

The price of one CyberTruck will vary between $39,900 and $69,900.

With its ongoing upsurge over $41,500, Bitcoin is up 315 percent since Bobby Lee’s tweet. However, it needs to gain 69 percent more to be able to buy the most luxurious self-driving editions of Tesla’s futuristic truck.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)