Post
Topic
Board Bitcoin Discussion
Re: Tesla buys 1.5 BILLION worth Bitcoins !! Good or Bad ?
by
cr1776
on 09/02/2021, 00:59:04 UTC
Tesla brought 1.5 billion worth of bitcoins and at the same time the owner did this so that they can finally accept bitcoins as a form of payment. ...snip...

What do you guys think ?? Will this bring more Volatility in the market controlled by such Whales ?


Tesla doesn't have "the owner" it is s publicly traded company.  It has many people who on stock in it. 
Likewise, they didn't have to do this so that "they can finally accept bitcoins as a form of payment" - they could've accepted bitcoin as payment without buying ANY bitcoin, let alone $1.5 billion in bitcoin.

Any usage is good.  If Tesla is buying for their treasury, they aren't in it to trade, they are in it for other purposes, so why would this increase volatility?  If anything, bitcoin held by people not trading and who are using it as part of their portfolio and asset allocation decreases volatility.