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Elon Musk says bitcoin is slightly better than holding cash

"However, when fiat currency has negative real interest, only a fool wouldn't look elsewhere," Musk said in a tweet. He also defended Tesla's action to invest in bitcoin, saying that the difference with cash made it "adventurous enough" for the S&P 500 company to hold the cryptocurrency. Tesla's $1.5 billion bitcoin purchase set the cryptocurrency soaring toward this week's record peak above $50,000 while Musk's recent promotion of dogecoin on Twitter also lifted the price of that cryptocurrency. ....

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Elon Musk's Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase – News Bitcoin News

Elon Musk s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase
Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms.
Experts Question Conflict of Interest in Tesla’s Bitcoin Purchase
Tesla is further under scrutiny over its bitcoin purchase as experts now question whether there is a conflict of interest surrounding a director who approved the company’s big bitcoin purchase, the Telegraph reported Tuesday. Tesla recently revealed that it bought $1.5 billion worth of bitcoin in January and plans to accept the cryptocurrency as a form of payment for its products in the near future. ....

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China Was Questioning Tesla About Quality Problems. Then Bitcoin Happened

How Tesla caught a lucky break. ....

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MicroStrategy's Bitcoin Holdings Tops $1B Following Latest Acquisitions

MicroStrategy’s Bitcoin Holdings Tops $1B Following Latest Acquisitions
Dec 22 2020 · 09:23 UTC by Benjamin Godfrey · 3 min read
Photo: MicroStrategy / Flickr
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MicroStrategy’s latest Bitcoin purchase appears to have received the applause of its investors as it is showcased in the current share price.
Nasdaq-listed MicroStrategy Incorporated (NASDAQ: MSTR) has continued on its ever bullish attempt to stock up on Bitcoin (BTC) following its latest purchases in line with its Treasury Reserve Policy. According to an official announcement made by the Virginia-based business intelligence firm, a total purchase of 29,646 Bitcoins for approximately $650.0 million in cash was made as of December 21, 2020. ....

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