It is official. Tesla just invested/bought (it is hard to tell the difference today) USD$1.5B in Bitcoin and plans to accept it as payment. Just a few days ago, CEO Elon Musk tweeted positive messages around digital currency especially for Bitcoin and Dogecoin. While the intention of his Dogecoin tweet is still unclear, his tweet has send Dogecoin’s prices through the roof/moon/mars (it is hard to keep up with the terms anymore).
How Tesla and Bitcoin are forming the new economy Dogecoin
Disclaimer: No vested interest in Bitcoin/Dogecoin/Tesla.
In this article, I will attempt to explain what good and what not good will happen from this move and potential series of events that might unfold. If you are new to Tesla and Bitcoin, I would encourage you to read about my previous Bitcoin article: Is it too late to invest in Bitcoin?
Tesla’s Current Brilliant Capital Moves
One thing for sure. Elon Musk sure knows how to raise capital or get his hands on money....