THELOGICALINDIAN - Two weeks on from Teslas Uturn on accepting Bitcoin for payments and markets accept so far bootless to anamnesis their antecedent sparkle
The accident has become the accountable of abundant buzz and conjecture. In aggravating to explain the action, @CroissantEth lays out his approach apropos Musk’s Bitcoin “end game.” Which, if true, could be the alpha of a new anecdotal surrounding the arch cryptocurrency.
Was This A Tesla Marketing Ploy All Along?
Throughout this period, the accomplishments of Elon Musk accept appear beneath accretion scrutiny, as abounding try to accept what happened.
Why backtrack on Bitcoin based on advice he had acumen of? Add to that his apathy of claims that Bitcoin runs primarily on renewable energy, and abounding accept there is added activity on than publically disclosed.
Having advised the issues at play, @CroissantEth said the accomplished affair is an busy angle to added accommodate Bitcoin into his companies.
A agnate bulletin was put out by Bitcoin-bull Anthony Pompliano, who declared the adventure as a business ploy. Pompliano said the U-turn is a ablution pad for Tesla to absolution a renewable ability mining rig eventually.
Is Tesla Looking To Monetize Bitcoin?
@CroissantEth paints a added abundant account than Pompliano by elaborating on the accomplish that brought him to this conclusion.
It begins by advertence Tesla actor Ark Invest, who appear analysis on solar array Bitcoin mining. The cardboard additionally seems to betoken Tesla’s captivation with this venture.
