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Then why did Elon Musk buy 1.5 billion dollars of it?
by danlugo92 5y ago
Then why did Elon Musk buy 1.5 billion dollars of it?
- mkl95 5y agoI could name a few things I admire about Elon Musk, investing in BTC is not one of them.
- renewedrebecca 5y agoDon’t confuse being rich with being ethical or wise. (This is a kind of appeal to authority, too)
- danlugo92 5y agoAre all of these institutional investors: https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/ https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/v... (of which the top 3 already account for more BTC than Elon) also unwise?
- Tarsul 5y agothe argument went from BTC is inefficient (OP) to why did Elon buy (you) to understanding the difference between rich and ethical (last comment) to rich investors being wise or not (you again) To make it short: Just because Elon or rich investors buy doesn't mean they are unwise (for themselves) just that it's bad for the world (ecologically), so basically both can be true. Just the difference between thinking about themselves and thinking about other people as well...
- nameless912 5y agoConsidering the 2008 housing crisis....yes?
- slightwinder 5y agoTo sell if for 2 Billion after the jump in price? Or to drop the price and annoy some people? I mean he openly manipulated the price and exited pretty fast. Now it's even lower than before. Longterm he probably made more harm than good.