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Indiana | He invested 1.5b from Tesla which has a market cap of $650b. So it’s not material. Not to Tesla or to Bitcoin. Btw Tesla has made over $300m on its investment so far. Last I knew Tesla had 19b in cash. Avg return on bitcoin for last decade is 220% per year. He could lose it all and it wouldn’t matter. Also Tesla has access to capital markets and can raise serious cash at will.
You can’t stop new technology. People are willing to invest and are being rewarded for it. Spacex just did an private offering for 850m but had offers for 6b.
Edited by Fetv 2/17/2021 09:40
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Question about a Tesla buying Bitcoin
