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This is a hedge. A hedge against consumers/suppliers/employees using BTC as their preferred form of payment.
by bob33212 6y ago
This is a hedge. A hedge against consumers/suppliers/employees using BTC as their preferred form of payment.
- MrMan 6y agotesla doesnt need to hold sizable BTC reserves to accept BTC as payment, so using the word hedge there doesn't seem correct to me. please elaborate on your stratement, it doesnt make sense that this BTC position is a hedge. it seems like a speculative allocation, betting on BTC price increasing vs USD? and maybe some kind of marketing thing to convince people tesla is cool?
- bob33212 6y agoAll major corporate asset allocation is speculative. Look at Exxon's assets. Some are in short term investments. BTC can be seen as a short term investment to offset depreciation of the USD. https://www.wsj.com/market-data/quotes/XOM/financials/annual/balance-sheet https://www.wsj.com/market-data/quotes/XOM/financials/annual...