Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

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According to Elon himself, it was all about demonstrating bitcoin’s liquidity.

This episode is sponsored by Nexo.io and NEAR.org.

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Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.

On today’s episode, NLW argues that:

  • The sales proved to Tesla that bitcoin has deep liquidity
  • That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset

Image credit: Britta Pedersen-Pool/Getty Images

 https://www.coindesk.com

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