Why Tesla Bought Bitcoin

from HyperChange · host Gali

Moonshot confirmed! Tesla has purchased $1.5B worth of Bitcoin! Instead of hoarding the usual bonds and fiat as reserve assets, Tesla has decided to move ~7% of it's $19.4B in cash into Bitcoin. I think this is a genius move, and will set off a wave of rapid institutionalization of Bitcoin. Who will be the next big tech company to get in?? Are you worried about Bitcoin's energy consumption being counterproductive to Tesla's mission?

Episode metadata supplied by the publisher feed · Published Feb 8, 2021

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Why Tesla Bought Bitcoin

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