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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
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Elon Musk's net worth soars to $348 billion: Tesla and xAI driving the increase
Elon Musk is the first name on the global billionaire list. His current net worth is nearly $348 billion - at least $129 billion higher than Jeff Bezos' net worth of $219 billion and nearly $142 billion higher than Larry Ellison's net worth of $206 billion. Among the top 500 billionaires, Musk recorded the highest YTD change of +$119 billion - at least $35.8 billion higher than Larry Ellison's YTD change of +$83.2 billion. Reports indicate that Tesla and xAI have played a significant role in Musk's substantial increase in net worth. Everything you need to know about Musk's latest increase in net worth. The net worth of Elon Musk has skyrocketed to $348 billion. Elon Musk, Jeff Bezos, Larry Ellison, Mark Zuckerberg, and Bernard Arnault are the top five billionaires in the world. Musk's current net worth is around $348 billion. Data shows that his net worth has steadily increased over the years. Reports indicate that Musk's net worth has recently surged. Experts believe that Tesla and AI have played a significant role in this substantial increase.
Tesla stock performance At the beginning of this month, the price of Tesla Inc dropped to $248.77. From November 4th to November 11th, the price increased by more than 43.95%. Just in the past week, the price has increased by at least 4.07%. The Tesla market reports a YTD growth rate of 42.09%. However, the current price of Tesla is at least 14.30% lower than the 2021 peak of $411.39, indicating that there is still room for growth in the market.
The rapid growth and valuation of xAI X.AI Corp, or xAI, is a startup company founded by Musk in March 2023. The company specializes in the field of Artificial Intelligence and is known for its mysterious goal of 'understanding the true nature of the universe'. Note that the valuation of xAI has recently skyrocketed from $24 billion in May to $50 billion after the latest funding round. In summary, Elon Musk's record-breaking net worth is evidence of his strategic projects at Tesla and xAI.