Tesla Inc (NASDAQ: TSLA) CEO Elon Musk stated on Thursday gave a sign on why the electrical car maker invested in Bitcoin (BTC) and never Dogecoin (DOGE) — a meme cryptocurrency typically on the heart of his tweets.,
What Occurred: The entrepreneur was responding to a tweet that contained feedback by Changpeng Zhao, CEO of Binance the place the latter stated whereas he was “stunned that Elon’s so gung-ho on Dogecoin,” it was value noting Tesla’s precise funding got here in Bitcoin.
Musk stated Tesla’s investments will not be “straight reflective of my opinion.” The Tesla CEO added that Bitcoin, which he describes as “merely a much less dumb type of liquidity than money,” is “adventurous sufficient for an S&P500 firm,” not to mention Dogecoin.
To be clear, I’m *not* an investor, I’m an engineer. I don’t even personal any publicly traded inventory in addition to Tesla.
Nevertheless, when fiat