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Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

FromThe Breakdown


Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

FromThe Breakdown

ratings:
Length:
16 minutes
Released:
Apr 28, 2021
Format:
Podcast episode

Description

Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.  On today’s episode, NLW argues that: The sales proved to Tesla that bitcoin has deep liquidity That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com
Released:
Apr 28, 2021
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.