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How many people were buying Tesla's with bitcoin? Tesla hasn't sold their bitcoin, as far as I can tell, they are still holding a portion of their cash in BTC.
by pedalpete 5y ago
How many people were buying Tesla's with bitcoin? Tesla hasn't sold their bitcoin, as far as I can tell, they are still holding a portion of their cash in BTC.
The hedge against inflation still exists. The future potential for international industrial payments in BTC for Tesla is still there.
I'm sure there are some accounting tricks there too. Plus, the tweet from Elon clearly states that they are looking at other crypto's with better carbon footprint...ETH moving to Proof-of-Stake (or any DeFi built on ETH) sounds like a good opportunity.
I musk be missing something here.
- tgsovlerkhgsel 5y agoMy guess: Offering Bitcoin payments has attracted fewer buyers than it has deterred (because there are all kinds of people who find proof-of-work cryptocurrencies bad, e.g. for environmental reasons or because of the GPU shortages, and some might actually boycott a company over supporting those).