Quote from: Twinkledoe on February 09, 2021, 02:25:13 AM

Quote from: meanwords on February 09, 2021, 02:16:15 AM

How is this going to be bad news? more companies holding Bitcoin as an asset means less volatility for the whales to manipulate. Price fluctuation will lessen and there's going to be less dumping that's going to happen. This news is such a win-win situation for all.

Quote from: cr1776 on February 09, 2021, 12:59:04 AM

If anything, bitcoin held by people not trading and who are using it as part of their portfolio and asset allocation decreases volatility.

People should realize this now, especially those people who are still negative about Bitcoin's volatility.

A lot are complaining about bitcoin volatility, now that btc is more than 43k, are we still hearing these complaints? Tesla buying huge amount of bitcoin is actually great news. Why we need to be pessimistic about it, right? It means, more and more known companies are trusting bitcoin or crypto as part of their investments.

How can Tesla buying in billions worth of Bitcoin be bad??? As suggested above, it actually reinforces crypto as a suitable (though, volatile) investment avenue for business alike. Since this happened the BTC market has started to move even further.

Obviously, this is all +ve and not at all negative. People are encouraged to read about crypto if they're not yet aware of it and companies as large as Tesla (dare I mention Apple) are definitely thinking hard about this.