Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.Â
On today’s episode, NLW argues that:
- The sales proved to Tesla that bitcoin has deep liquidity
- That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset
-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? Â SUBSCRIBE to the Podcast Apple:Â https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Â Follow on Twitter: NLW: https://twitter.com/nlw Breakdown:
https://twitter.com/BreakdownNLW Â The Breakdown is produced and distributed by CoinDesk.com