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Is there any other car company trading bitcoin? Is it normal?
by albertopv 4y ago
Is there any other car company trading bitcoin? Is it normal?
- nixass 4y agoDidn't you hear? Tesla is IT company and its tech stack is worth 10x all legacy car industry combined
- vkou 4y agoIt's fairly normal for large companies with large amounts of cash to invest it.
- CaptainZapp 4y agoThis assertion requires a source. I know of no other major company gambling with crypto currencies. Not even reputable banks.
- vkou 4y agoI'm not saying it's normal for large companies to invest their cash into yolo BTC and Doge (It's not), but it is common for them to invest it into something. That something can be securities, hedges against volatility in forex, interest rate swaps, etc, etc. https://www.statista.com/statistics/1100132/apple-s-cash-usage-in-investing-activities/ https://www.statista.com/statistics/1100132/apple-s-cash-usa...
- albertopv 4y agoMy question was specifically about bitcoin, due to its nature it's not a normal investment, it's not an investment at all, it's pure gambling.
- ryandvm 4y agoPorsche was doing some pretty creative investing about 10 years back or so. If I recall correctly, it was working out quite well for them - until it didn't.