Reply To: Bitcoin Going Mainstream

“If so that will be an extraordinary and stupid
loss for Tesla, as Bitcoin is going to be a massive fail!!

If I recall correctly, nearly identical language was used as recently as several years ago by the majority of “experts’ with respect to Tesla itself. With all respect, I’d put my bitcoin on Musk to find a way of making crypto transactions a profitable venture for Tesla. As more of the big banks and institutional investors begin taking small crypto positions in their accounts, the volatility will gradually decline and hedging becomes more realistic. Again, other than the WinkleVoss twins of Facebook fame, no rational investor is going to put more than a very small portion of their holdings into any alternative currency. Enough said.