Business
Elon Musk is taking a big gamble with his bitcoin bet – Sydney Morning Herald
Tesla’s $US1.5 billion bitcoin “investment” and the emulation it seems to have inspired is about as speculative a play as one could conceive of – and highlights…
It might appear that the growing acceptance of cryptocurrencies, and bitcoin in particular, has developed sufficient momentum for them to be considered seriously both as an alternate financial asset class and as a medium of exchange.
Neither, however, is yet the case and the implications of Teslas investment tends to highlight why that is so.
Teslas bitcoin investment and the emulation it seems to have inspired is about as speculative a play as one could conceive of.
Tesla has replaced $US1.5 billion…
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