Elon Musk Buys Bitcoin: Everything You Need to Know

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The implications of Elon Musk’s purchase on bitcoin’s climate narrative, other Fortune 500 treasury management strategies and more.

This episode is sponsored by Nexo.io.

Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin.

In this episode, NLW breaks down:

  • How Elon got to this moment, including his exchanges with MicroStrategy’s (MSTR) Michael Saylor
  • What critics of the Tesla community and the bitcoin community are likely to say
  • How this de-risks bitcoin purchases for other Fortune 500 companies
  • How it relates to Elon’s doge memeing
  • Why this is likely to have a significant impact on bitcoin’s narrative regarding climate change and energy use
  • Why Cathie Wood is laughing all the way to the bank.

See also: Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments

Image credit: Britta Pedersen/Getty Images Entertainment

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