Quote from: RickDeckard on February 08, 2021, 01:13:11 PM

I was about to post this in other thread where we were discussing the recent changes that Elon did to his profile on twitter (Regarding "bitcoin" in his profile) but I guess that this is a way too much important new that couldn't be buried on a thread.

For anyone that wants to see the official document : SEC filling.

What's more interesting further than Tesla betting on diversifying it's investments is this simple paragraph :

Quote

In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

This my friends is the true gold in this latest filling. I truly believe that Elon will do whatever he can to push investors to gain enough traction/support to implement BTC as a payment for their cars. It will be quite a ride and it will prove quite hard indeed, but if there's one person that won't stop at nothing, it's Elon Musk himself.

Today is a good day guys!

Tesla marketcap is $815 billion and diversifying asset on bitcoin in 2021 seems more popular among big investors and will push its price even higher this year, no wonder some analyst predict it could reach over $100k or $300k by the end of the year.
Subsequently, after several recent tweets about doge and a bitcoin hashtag then Tesla intent to begin accepting cryptocurrency as one of the payment arrangement, positively encourage more institutional investors and companies to at least accept bitcoin as a form of payment as well. Many people want to spend cryptocurrency without having to convert it to fiat currency, some crypto-firms provide the service to do it, only if more numerous companies and retailer join into the sphere, then some crypto will emerge better than others as a digital currency to scale.