Looks like he's used shit loads of tesla cash reserves to buy bitcoin massively ramping up price. Also said tesla will soon accept payment in bitcoin too at some point. Considering how volitile it is very risky move.
The volatility is confidence rather than platform related. With his reputation he creates confidence to reduce risk.
@snoops started
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Looks like he's used shit loads of tesla cash reserves to buy bitcoin massively ramping up price. Also said tesla will soon accept payment in bitcoin too at some point.
Considering how volitile it is very risky move.