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Don't think this as financial move, think it as marketing move. He buys Bitcoin for $1.5B to get publicity for the fact that he will accept bitcoin. Bitcoin h
by nabla9 6y ago
Don't think this as financial move, think it as marketing move.
He buys Bitcoin for $1.5B to get publicity for the fact that he will accept bitcoin.
Bitcoin has low liquidity. Selling large amounts affects the markets. $1.5B supports BTC valuation in the case that BTC speculators want to buy 50,000 Teslas.