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You're right. I somehow misinterpreted that part of the comment. Having said that, I doubt that Tesla's Bitcoin investment could be a foundation for its current
by ablekh 6y ago
You're right. I somehow misinterpreted that part of the comment. Having said that, I doubt that Tesla's Bitcoin investment could be a foundation for its current valuation (as of today, > $660B). The $500K BTC price implies ~10x growth, so the value of that $1.5B investment would equal to ~$15B, which is still far less than the target number.