Tesla Invests $1.5B in Bitcoin, Plans to Accept Cryptocurrency

https://www.bloomberg.com/news/articles/2021-02-08/tesla-invests-1-5-billion-in-bitcoin-plans-to-accept-cryptocurrency

by Tenoke • 5 years ago

40 11 5 years ago

mvolfik• 5 years ago

Waiting to see the comments here. Did Musk just change his opinion, or go insane? Or could this happen without Musk's direct intervention?

solveit• 5 years ago

I think I speak for many, many people when I say that I am done trying to understand Elon Musk.

jbverschoor• 5 years ago

No.. he's just sick and tired of the financial system, the SEC, etc.

eloisius• 5 years ago

Cryptocurrencies are not a way around any of those things.

stunt• 5 years ago

He has recently mentioned that he is changing his mind about cryptocurrency. So this is not a news.

I personally think there is an overestimated perception about how Elon Musk doesn't like money, and that he is all in for the environment. He has been very successful to build that brand for himself, but it's exaggerated that he's very different from other billionaires. I'm not saying he or other billionaires are bad, but I also don't buy the idea of Musk being different than everyone else. Most of the people even don't know that he wasn't a co-founder of Tesla. He is certainly opportunistic and big risk taker like many other billionaires. But, he is capitalizing on his brand as someone that is radically different from others and is all in for the environment.

JackPoach• 5 years ago

Not sure how much of this is speculation and how much is pure trolling. Welcome to the postmodern capitalism where nothing makes sense.

bhaak• 5 years ago

You can say about Elon Musk what you want but he knows how to make headlines.

I'm not sure you need $1.5B for those kind of headlines but these bitcoins can be sold again after all.

runako• 5 years ago

The timing on this announcement appears designed to overshadow other Tesla news from this morning:

https://www.autonews.com/china/tesla-called-chinese-regulato...

coold• 5 years ago

Invest 1.5B, post news "ElOn MuSk SaId BiTCoIn GoOd", sell for 3B.

mwnivek• 5 years ago

Main discussion: https://news.ycombinator.com/item?id=26063920

Tesla Invests $1.5B in Bitcoin, Plans to Accept Cryptocurrency

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