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Tesla revealed on Monday that it has purchased $1.50 billion in bitcoin and will soon begin accepting cryptocurrency as a form of payment for its items. Following the announcement, bitcoin’s market cap skyrocketed, leading enthusiasts to revisit a Reddit article from last month claiming Tesla was investing in cryptocurrencies. However, the Reddit user who claimed to be a Tesla insider and claimed the company was buying bitcoin has admitted that he lied in his article and was high on Acid at the time.
“I’m a software developer at Tesla R&D in California, and our company has purchased 24701 BTC at an average price of 33142$ in the last 72 hours. I’m not sure what will happen once this is published in the media, but I believe the price will skyrocket even further “TSLAinsider, a Reddit user, made a post last month.
The author of the Reddit thread, according to the New York Post, lied about working at Tesla’s R&D facility in California and is simply a prankster. The user told the New York Post that he is from Germany and that when he made the troll post, he was high on acid. According to the New York Post, the user had an intuition last month that Tesla would buy bitcoin, so he made the Reddit troll post.

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According to The Post, a German prankster says he was behind a cryptic Reddit post last month that seemed to foreshadow Tesla’s blockbuster bitcoin purchase this week — and that he was on LSD at the time.
Tesla shocked Wall Street on Monday by announcing the purchase of $1.5 billion in bitcoin to “further diversify and optimize returns” on its assets. Tesla has also stated that it intends to consider bitcoin as a form of payment for its electric vehicles.
Soon after Tesla’s surprise announcement, focus shifted to a Reddit user called “TSLAinsider” who claimed to have a hot tip about the company’s entry into the cryptocurrency market on Jan. 2.
The five-week-old post said, “You heard it here first – our Company just bought 800 million worth of Bitcoin.” According to the customer, who claimed to be “a software dev working at R&D at Tesla in California,” the Elon Musk-led company had purchased 24,701 bitcoin at an average price of $33,142 “over the past 72 hours.”

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