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/biz/ - Business & Finance

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28088728 No.28088728 [Reply] [Original]

Tesla buys $1.5 billion in bitcoin

>> No.28089078

we're going to be seeing a lot more of this. companies with large amount of cash need are looking for somewhere else to park it than USD...which has had the infinite money printer turned on all year. It's estimated that corporations in the US are sitting on over $4 Trillion... there's a few reasons for this, but mostly just because off shore profits brought back into the US would be taxed heavily....so they don't. imagine when more of this corporate cash is converted into the btc....Microservices was first....Tesla second....whose next?

>> No.28089247
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28089247

tesla bitcoin
bitcoin tesla
tesla elon elon bitcoin
musk elon bitcoin
space travel bitcoin

get that normies? You were too stupid to get bitcoin but Mr ironman wasn't.

>> No.28089331

Hedge funds were planning to Short squeeze bitcoin.

https://www.moneyweb.co.za/moneyweb-crypto/bitcoin/is-bitcoin-headed-for-a-gamestop-type-short-squeeze/

>> No.28089382

R U mad Elon is so rich he can afford to absolutely Poomp da meerkat?

>> No.28090542

>>28088728
Its a ploy. Musk knows the correlation between Bitcoin and his company. He pumps bitcoin and his shareholders are less likely to dump Tesla.

>> No.28090878

>>28088728
>Bitcoin goes 20x in a year
>TSLA goes 4x in the same time frame
>"hurrrr they're exactly the same!"
people who lie by manipulating y-axes are worse than niggers

>> No.28091072

I fucking just posted asking if time was right t buy bitcoin after focusing on alts for so long. I fucking god damn i was too unsure of myself im going to have a cry

>> No.28091191

>>28090878
both have increase x4 in 1 year.. what you talking about?