Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by gnrlst on Monday February 08, 2021 @09:55AM (#26065259)

I agree. What's also absurd is that Tesla raised $5B and now is parking 30% of that in Bitcoin, which we all know has a unique history of volatility. This is not going to end well.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by xyst on Monday February 08, 2021 @10:18AM (#26065628)

If the reports of BTC going to 100K by EOY are true, they just turned $1.5B into ~$4.5B.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by shawabawa3 on Monday February 08, 2021 @01:31PM (#26068236)

> reports of BTC going to 100K by EOY

uh...reports is a very generous word for speculative guesses

If btc was definitely going to 100K by EOY, it would already be worth at least 90k today

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by rospaya on Monday February 08, 2021 @12:58PM (#26067814)

I'm curious how they calculated that considering the extreme volatility of BTC.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by delaaxe on Monday February 08, 2021 @04:24PM (#26070367)

Look up "stock to flow" model for BTC

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by byerobh on Monday February 08, 2021 @11:18AM (#26066474)

Not unique, and if anything, becoming time-tested.

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