Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin.

In this episode, NLW breaks down:

How Elon got to this moment, including his exchanges with MicroStrategy’s (MSTR) Michael Saylor
What critics of the Tesla community and the bitcoin community are likely to say
How this de-risks bitcoin purchases for other Fortune 500 companies
How it relates to Elon’s doge memeing
Why this is likely to have a significant impact on bitcoin’s narrative regarding climate change and energy use
Why Cathie Wood is laughing all the way to the bank.

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