Elon Musk has bought 1.5 Billion of Bitcoin using Tesla books. Does he think that since Tesla is 2% of the S&P that will cause institutions to fast forward their adoption rate? If so, that is a very stupid strategy. Thoughts?
Elon Musk, Tesla and Bitcoin
- Thread starter TopGunTrading
- Start date
No no no, Elon musk is investing because he believes the price will go up. This is not a rocket science conspiracy to get other institutions to buy, (even though now they probably will
He is a man with a huge vision, unlike pessimists who keep thinking "Bitcoin is on its way to zero brah"
He is a man with a huge vision, unlike pessimists who keep thinking "Bitcoin is on its way to zero brah"Anyone who has ever started a company knows the most important asset is cash, you would not go off gambling with your company's future like that because "I think the price will go up" when volatility is the only sure bet.
EV competitors are a dime a dozen, his luck may have just ran out.
EV competitors are a dime a dozen, his luck may have just ran out.
Thanks for that in depth analysis.
That's what browser companies thought back in the early 1990s about Internet Explorer. Billy boy Gates royally reamed them, and maintained his monopoly on browser tech for 20+ years.
Only now with the money behind them is Alphabet gaining ground with Chrome.
Netscape was the Tesla of the day, now they are forked into Firefox and practically gone.
Another insightful comparison... you don't miss a beat.
This post just shows how stupid you are.
TSLA invested about 1% of their current cash reserves into BTC. I would hardly call that gambling. And he didnt just "start the company" its been around for a while. The "adoption rate" is already happening while you sit here and post your drivel.
You literally have no idea what you are talking about.