Re: Bitcoin ATM installed at Elon Musks Tesla Gigafactory
What can you make of this specially coming from Elon? Another sign bullish sign?
What do you mean by "coming from Elon"? The ATM is owned and installed by LibertyX ATM, which is not Elon's. LibertyX ATM is a separate company who also made a name by being the owner of the largest Bitcoin ATM network in the USA.
We cannot conclude whether this means the factory's workers are into Bitcoin until we see how this single Bitcoin ATM operates in the next days and weeks. We will see whether there is really a demand coming from the people in Tesla's factory or not.
I have a wild guess that this is intentionally installed by LibertyX ATM to somehow court Elon to join Bitcoin. Elon is not really a Bitcoin fan despite him being mentioned in the article owning a tiny amount of it. Having 0.25BTC does not make him a fan.
That was 2018 though when he tweeted about having 0.25 btc courtesy of his friend.
A lot happened in crypto, and I think he has more than 0.25btc right now, but we will not know those details for sure.
Definitely, Elon knows about the Bitcoin ATM installation in his place but to what extent he is into crypto, we have no idea.
If nothing else, just another news that media can talk about and make a big deal out of it.
I'm ok with that as it will gain curiosity among noncrypto users.
Was it in 2018? I'm not sure but I think it was in mid 2019. That's just last year. Months have passed and Elon had once again mentioned his 0.25BTC when JK Rowling tried to know more about Bitcoin by asking about it on Twitter. That happened in the second quarter of this year.
That means his Bitcoin didn't grow. In fact, he remained to have owned and bought zero Bitcoin. His Bitcoin is still the amount given to him by a friend.
So I guess Elon does not really care much about investing in Bitcoin but he probably knows some pros and cons of Bitcoin as well as fiat.