The Breakdown Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold
Apr 28, 2021
16:20
Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.
On today’s episode, NLW argues that:
- The sales proved to Tesla that bitcoin has deep liquidity
- That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset