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Why directly buy the Bitcoins with Tesla the automaker? It makes no sense to me. If Musk is interested with cryptocurrencies, he should have setup a new startu
by y04nn 6y ago
Why directly buy the Bitcoins with Tesla the automaker?
It makes no sense to me. If Musk is interested with cryptocurrencies, he should have setup a new startup dedicated with processing transactions from cryptocurrencies to fiat (he already has more than enough experience in the domain with PayPal) and facilitate the payment with crypto for Tesla (and other merchants).
Considering the high volatility of cryptocurrencies, including Bitcoin, and the massive amount of market manipulation going on, this is very risky.
Is it to find new revenues for Tesla to justify its absurd market capitalization?
- SuchAnonMuchWow 6y agoElon found that he can manipulate bitcoin price quite freely, without any regulations issues. He can use that do make a lot of wealth, and its probably not illegal (not a lawyer tho, so I'm not sure). And Tesla has more cash than him personally, so it makes more sense if its Tesla doing the move.