One Month after Tesla, Revisiting the Business Case for Bitcoin
One Month after Tesla, Revisiting the Business Case for Bitcoin March 15, 2021 Recently, Tesla made waves in the financial markets by adding $1.5 billion worth of it Bitcoin to its balance sheet. That could be the start of something more substantial for the largest cryptocurrency as more companies follow suit. Tesla also said it bought $1.5 billion worth of Bitcoin, which will be accounted for on its balance sheet as goodwill. Having $1.5 billion worth of Bitcoin on hand will provide the automaker with sufficient liquidity to conduct business in the cryptocurrency. Some financial pundits ar...