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2021-02-21
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Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin
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I don’t even own any publicly traded stock besides Tesla.However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.Bitcoin is almost as bs as fiat money. The key word is “almost”.— Elon Musk (@elonmusk) February 19, 2021\n</blockquote>\n<p>Reflecting on his personal stance, Musk noted he is an \"engineer\" and not an \"investor.\"</p>\n<p>“I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.</p>\n<p>The apex cryptocurrency also came under some criticism from the executive who said “Bitcoin is almost as bs as fiat money. The key word is 'almost.'”</p>\n<p><b>Why It Matters: </b>This month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future.</p>\n<p>Musk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.”</p>\n<p>Comments on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE.</p>\n<p>BTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency and heightened institutional interest from other investors like <b><a href=\"https://laohu8.com/S/MSTR\">MicroStrategy Incorporated</a></b> (NASDAQ: MSTR).</p>\n<p>BTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058.</p>\n<p><b>Price Action: </b>Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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I don’t even own any publicly traded stock besides Tesla.However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.Bitcoin is almost as bs as fiat money. The key word is “almost”.— Elon Musk (@elonmusk) February 19, 2021\n\nReflecting on his personal stance, Musk noted he is an \"engineer\" and not an \"investor.\"\n“I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.\nThe apex cryptocurrency also came under some criticism from the executive who said “Bitcoin is almost as bs as fiat money. The key word is 'almost.'”\nWhy It Matters: This month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future.\nMusk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.”\nComments on Twitter by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE.\nBTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency and heightened institutional interest from other investors like MicroStrategy Incorporated (NASDAQ: MSTR).\nBTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058.\nPrice Action: Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/360821086"}
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