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This really seems like yet another failure in governence. There doesn't seem to be any good reason for a car company to be investing in crypto currency other th
by Traster 6y ago
This really seems like yet another failure in governence. There doesn't seem to be any good reason for a car company to be investing in crypto currency other than their CEO's personal interest in the technology. If you have something productive to do with the money, invest it in your business. If you do want to keep money on hand for investments, investing in such exotic instruments seems weird, you want something reasonably hedged and low risk so that you can invest in the future. Otherwise why not just let Musk set up his own crypto holding company?
- RhodoGSA 6y agoOr, if you throw <10% of all your money in an account, have no liquidity problems, start an absolute stampede to buy the 'limited' amount of bitcoin and in 5 years, <10% of all the money you invested makes you 50% profit for that year. Pretty good bet to me, and i've been heavily invested in bitcoin since 2015.
- scsilver 6y agoHow exotic is it when the future head of the SEC is teaching classes at MIT about blockchain's roles in finance of the near future. https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/session-1-introduction/ https://ocw.mit.edu/courses/sloan-school-of-management/15-s1...