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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by whb07 on Monday February 08, 2021 @12:19PM (#26067350)
The people who have $10 Trillion in gold savings beg to differ.

There is a growing market for loans using crypto as collateral.

Using crypto to transact frees up the added financial costs required for charities, non profits , and regular businesses to thrive.

[ Parent | on HN ]
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by BenoitEssiambre on Tuesday February 09, 2021 @07:30PM (#26084425)
> The people who have $10 Trillion in gold savings beg to differ.

Well this is why I said it's dangerous if this becomes a trend. Gold has been tamed. After disastrous episodes, people have learned the lesson and businesses don't keep too much on their balance sheet. As far as I know, Tesla doesn't own 1.5 billions in gold. If they did, and this became a trend, gold might become dangerous to the economy too.

[ Parent | on HN ]