Tesla Invests $1.5B in Bitcoin

Discussion in 'Digital Currencies' started by hawkeye1, Feb 8, 2021.

  1. hawkeye1

    hawkeye1 Active Member

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  2. Lucky

    Lucky Well-Known Member Silver Stacker

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    Hopefully one day he will spend that on silver bullion
     
  3. hawkeye1

    hawkeye1 Active Member

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    lol, I don't think many institutions are that interested in Gold & Silver.
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    musk is surely hoarding silver for his solar panel company along with battery raw materials and semiconductors for his EV company.

    look at platinum price, the way it is going up is like something bad is about to happen, looks like people are hoarding and preparing for something big ;)
     
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  5. leo25

    leo25 Well-Known Member Silver Stacker

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    and Rhodium :eek:
     
  6. leo25

    leo25 Well-Known Member Silver Stacker

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    If Musk want's electric cars to succeed he better start investing in nuclear power. It seems the Chinese are the only ones that understands this.
     
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  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    It interesting to watch how the crypto markets react to anything Elon says or does.

    Imagine if he issued his own crypto currency...the "MUSK"......for whatever reason....demand would be HUGE just cos it's Musk.

    upload_2021-2-9_18-48-53.png
     
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  8. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    ...there was a mention of gold ;)

    [​IMG]
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    building 1000 of nuclear power plants, need lots of yellow cakes
     
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  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Why’s that?
     
    Last edited: Feb 9, 2021
  11. Number 47

    Number 47 Well-Known Member

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    I'm going to put my tinfoil hat on... just for a minute.

    Elon ... he's got a lot of faithful followers who'll follow his lead.

    I wonder if there's any motive other than investing behind his move?

    Price plateaus, Elon jumps in with a lazy 1.5B
    Will it cause a buying frenzy?

    Was their any basis to the claims Elon owned Bitcoin?
    From Wikki
    Sahil Gupta, former SpaceX employee, published a blog that Nakamoto may be Elon Musk. In a tweet dated 28 November 2017, Elon Musk denied he was Nakamoto.

    Surely not ... ok I'll remove my tinfoil hat now
     
  12. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Mate you were on to something. CoinMarketCap have just listed the Model3 (Tesla) coin lol.
     
  13. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Yes, please remove it lol.
     
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  14. Number 47

    Number 47 Well-Known Member

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    Great .... another boat I'm going to miss, last time I looked at digital coins I was stumped at the digital wallet part. I bet it goes crazy too.
    Screenshot_20210209-195810_DuckDuckGo.jpg
     
  15. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Nah, it's not real coin mate. Just CoinMarketCap having a bit of fun.
     
  16. Number 47

    Number 47 Well-Known Member

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    :D .... it had me
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The trouble is it will take 10 years to build and by then we’ll be using hydrogen from NG instead.
     
  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Source? I can't find it.

    Edit to add: somebody else might have to ask @Bullion Baron that question. I'm pretty sure I'm on his ignore list. :p
     
  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    This is all I see mentioned in the annual report:

    https://www.sec.gov/ix?doc=/Archive....htm#ITEM_5_MARKET_FOR_REGISTRANTS_COMMON_EQU

    No mention of any of those other asset classes, I lifted that from the last paragraph of page 33.

    I'm calling BS on the bit about Tesla opening the doors to gold.
     
  20. neonuke

    neonuke Well-Known Member Silver Stacker

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