Musk says keeping Bitcoin is smarter than holding cash

Hanno Labuschagne

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Musk says keeping Bitcoin is smarter than holding cash

Elon Musk called Tesla Inc.’s $1.5 billion Bitcoin bet an “adventurous enough” investment for the company, after one of the industry’s loudest acolytes called out the billionaire’s advocacy of lesser-known Dogecoin.

“Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company,” Musk wrote in a tweet, in response to a Bloomberg TV interview with Binance Holdings Ltd. CEO Changpeng Zhao.

Tesla took both the corporate world and the cryptocurrency space by storm when it announced this month it had put $1.5 billion of cash into Bitcoin.

[Bloomberg]
 

Mekon

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Does anyone here think there might be antitrust lawsuits or something like that in his future?
 

NarrowBandFtw

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Does anyone here think there might be antitrust lawsuits or something like that in his future?
against a decentralised crypto network with no owner and an unknown creator?
or against central banks for monopolising the money printing game?


highly doubt there will be any government initiated legal action against Musk, too many of their subsidies have gone to him, too many of their space projects rely on him and the S&P500 that they spent trillions to prop up all the time needs him too

just look at what the SEC did when he tweeted real market manipulating info and pretended that Tesla will go private ... nothing basically
 

cyb3rt

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He has a point. Financial system is broken, if not BTC, something needs to change
 

John Tempus

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Oh look, more market manipulation

Public figure stating his interest in a different kind of asset = market manipulation.

Market "researchers" going on money talk shows and news shows stating why its good to invest in certain companies and projecting those company share prices to go up or down = Perfectly fine and definitely not manipulation.

If what Elon does when he opens his mouth is manipulation then every other financial analysist projecting pumping or dumping of stock is also liable at a much greater degree.
 

John Tempus

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Does anyone here think there might be antitrust lawsuits or something like that in his future?

Antitrust ? Wtf are you on about lol.

You do know what an antitrust lawsuit is right ? It has nothing to do with stock prices and everything to do with companies either individually or collectively orchestrating market takeovers within a certain product/product range.

"The antitrust laws describe unlawful mergers and business practices in general terms"

Now how does that at all relate to someone publicly stating their support for one thing or another.
 

acidrain

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Why does every news outlet state Elon as the founder of Tesla.
 

gbyleveldt

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Why does every news outlet state Elon as the founder of Tesla.
Because he is the one that turned it from a novelty into an actual business. The two original founders never had his vision or success with the brand
 

acidrain

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Because he is the one that turned it from a novelty into an actual business. The two original founders never had his vision or success with the brand
Still not a founder. If the debate is who made Tesla a success, I would give you that, but he certainly should not be labelled a founder, for the sake of accuracy.

At least wiki gets it right.
 

Matata

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Oct 30, 2020
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Why does every news outlet state Elon as the founder of Tesla.
It is a way to get more clicks from users. Advertisements make money. That being said they still need to conform to their journalism standards and their proper regulatory bodies wherever they are to writing from. Without getting, political look how some news agencies stalked a politician playing golf in America in a holiday to make "news".

Best journalist of MyBB is @Jan in my opinion. He is the OG and writes the best articles.
 
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