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

According to Elon himself, it was all about demonstrating bitcoin’s liquidity.

Listen on:

On this episode

According to Elon himself, it was all about demonstrating bitcoin’s liquidity.

This episode is sponsored by Nexo.io and NEAR.org.

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

Image credit: Britta Pedersen-Pool/Getty Images

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