Business
Tesla has earned $1.3b from bitcoin bet so far: Wedbush – The Australian Financial Review
Tesla has made “roughly” $1.3 billion from its bitcoin investments over the past month, Wedbush estimates.
In its note Wedbush said while the bitcoin investment is a side show for Tesla, it has clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months.
We still expect less than 5 per cent of public companies will head down this route until more regulatory goal posts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021 and we believe will have a seismic impact…
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