Elon didn’t take a bet. Bitcoin and crypto is basically a gamble. But what Musk and Tesla did wasn’t a gamble. What they did was to effectively monetize Musk’

Elon didn’t take a bet. Bitcoin and crypto is basically a gamble. But what Musk and Tesla did wasn’t a gamble. What they did was to effectively monetize Musk’s cult like following and his well earned reputation. They knew with the greatest certainty that the news of Tesla/Musk supporting crypto would lift crypto, so they managed to make money off it.