Episode notes
“There is this global game of musical chairs going on and the music is slowing and the chairs are getting fewer and fewer, and at some point the music stops, and what happens when the music stops?”
— American HODL
Location: Remotely
Date: Monday 8th February
Company: N/A & The Investors Podcast
Role: N/A & Host
On Monday, Tesla made the announcement that Bitcoiners had been anticipating. In their annual report to the SEC, Tesla disclosed that they had invested $1.5 billion in Bitcoin and the Bitcoin price soared to a new all-time high of over $47,000.
In 2020, Michael Saylor and MicroStrategy paved the way for corporations to add Bitcoin to their treasuries and since then several companies have followed suit, including Square and MassMutual.
However, as the richest man in the world and one of the most influential in the tech industry, Elon Musk's could prove to be the most important in the history of Bitcoin. It has sent shockwaves through the corporate world and will make the CEO of every publicly traded company question their treasury strategy. But, what does this mean for Bitcoin? And does this mark the beginning of the corporate race for Sats?
In this interview, I talk to American HODL and Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss Tesla's announcement, MicroStrategy's influence and corporations scrambling to buy Bitcoin.
This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
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