Don’t think there’s an “extensive” and active thread from what I’ve seen so CC do move this if I’m wrong but thought I’d make one as a general topic for discussion…
Tesla today filed their 10-K report and in it announced they have invested $1.5billion into bitcoin and will soon be accepting it as a payment method, this has surged the value of bitcoin back past its recent high up to $44,000…
Wish I had left it in now, only had $450 in it but would be worth $1,400 roughly if I hadn’t taken it out, hindsight aye, a wonderful thing!
It will be interesting to see if any other companies follow suit or if this ends up being another Elon Musk “thing” and the Tesla effect. Isn’t the car he sent up in orbit around the sun now?! Truly bizarre life
The weird Facebook consortium thing, which seems to have died already, clearly showed the Valley is interested in crypto tech, but baulks at going out into the wild.
I do have a tinge of regret that I didn’t buy some/one/half back when they were pennies. But I balance that with the fact that I would 100000% have sold them when they went from pennies to pounds. Not a chance I’d have been patient/brave enough to wait until they got to hundreds/thousands.
I’m slightly baffled by bitcoin’s surge in popularity.
I know loads of people who want to invest in it, but I don’t know anyone who uses it as a currency (other than buying stuff on the dark web or avoiding diplomatic sanctions). Most explosive products/services start with people who are excited about the product, rather than people who are excited about the share price.
What has bitcoin got going for it? (Other than tax dodging and anonymity for shady transactions)
Arent the problems with environmental impact, forgotten passwords, etc going to stop Bitcoin ever becoming a primary currency?
