Tesla: Elon Musk flirts with Bitcoin investment

Elon Musk makes advances in the direction of a billion dollar Bitcoin investment and promptly receives free advice from MicroStrategy CEO Michael Saylor on Twitter.

Two people looked for each other and found each other: A lively Bitcoin Bank scam debate broke out on Twitter between Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor, which made waves in the crypto space. Michael Saylor used a suggestive post from Musk for free investment advice.

To the crypto compass magazine

Saylor’s “insider tip”:

If you want to do your shareholders a $ 100 billion favor, convert the $ TSLA balance sheet from USD to BTC.

According to Saylor, the charisma of a Tesla entry into Bitcoin could also entice other S&P500 companies to invest, thereby boosting BTC market capitalization and quickly increasing the value of a USD 100 billion investment by ten times.

The simple calculation finally worked out in the case of MicroStrategy: Since the listed software company shifted around $ 475 million of its cash reserves into BTC, the investment in the course of the Bitcoin Bull Run has reached a current value of over 958 million US dollars more than doubled.

Musk, who is not a blank slate when it comes to crypto currencies, then joined the discussion again and asked Saylor whether transactions of this magnitude were even possible.

Saylor’s answer was not long in coming. An unequivocal: Yes. He himself has invested 1.3 billion US dollars in Bitcoin in the last few months and would like to share his “playbook” with Musk, from one rocket scientist to another.

Tesla soon to be Bitcoin Hodler?

It remains to be seen how serious Musk’s statements are. The Tesla and SpaceX CEO often uses irony as a stylistic device on the short message platform. Nevertheless: A BTC entry is actually not completely excluded. Musk has already expressed his admiration for digital gold in the past and, as the proud owner of – after all – 0.25 BTC, already belongs to the Hodler class . He also has to repeatedly serve as a potential CEO candidate for the MemeCoin project Dogecoin .

The balance sheet also confirms MicroStrategy’s investment strategy and could follow Musk’s words with deeds. A former project by the bustling businessman, PayPal, has finally opened up to the Bitcoin economy as well. Not unlikely that Tesla could follow suit. The right Bitcoin ATM is already there in the Gigafactory in Nevada .