3 ms·
or it is a hedge against a market downturn as gold is "not cool" to buy from Tesla and cash should be invested if not used.
by jackTheMan 6y ago
or it is a hedge against a market downturn as gold is "not cool" to buy from Tesla and cash should be invested if not used.
- mskec 6y agoBitcoin dropped 55% in March 2020 vs S&P500 dropping 35%. You'd lose more with this hedge than without.
- jackTheMan 6y agoTesla dropped even more (180->72) and since then it is hyped even more even so it still doesn't make profit from it's core business. And since then lot of people hyped the bitcoin.