Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

#1

Post by Cookingboy » Mon, Feb 08, 2021, 1:09 PM UTC

Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
techcrunch.com

Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

#2

Post by monkeydust » Mon, Feb 08, 2021, 1:15 PM UTC

Something investors need to consider going forward - invest in company X you might be unknowingly gaining exposure to crypto Y

Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

#3

Post by exabrial » Mon, Feb 08, 2021, 1:16 PM UTC

Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.

Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

#4

Post by pearjuice » Mon, Feb 08, 2021, 1:17 PM UTC

I have been bearish on BTC for a long time, but when I realized a few years ago that the fiat system we have in place is unsustainable, I see it as a safe hedge against it and the inevitable hyper inflation which will happen in our lifetime. I know HN is highly skeptical of anything crypto and I agree that blockchain as a technology doesn't have any notable usages. But right now, Bitcoin is the safest deflationary asset out there.

Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

#5

Post by pawelduda » Mon, Feb 08, 2021, 1:17 PM UTC

One can hope this doesn't cause full-blown mania, followed by a crash. On it's own, this is a bullish development for BTC, but everything Elon touches, tends to generate a lot of hype... could be too much.