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Tesla isn't mining it. Bitcoin costs nothing to hold. It's a hedge against inflation given TSLA's massive cash reserves.
by optimiz3 6y ago
Tesla isn't mining it. Bitcoin costs nothing to hold. It's a hedge against inflation given TSLA's massive cash reserves.
- ben_w 6y agoGovernments try to keep inflation in a narrow range; they avoid high inflation for obvious reasons, they avoid low inflation precisely so people don’t sit on massive cash reserves, because it is bad for everyone when that happens.
- simonh 6y agoIt so ludicrously volatile that it’s not a rational hedge against anything.