Yesterday Bitcoin Twitter
reacted in horror upon discovering that Tesla had sold 10% of its
bitcoin. Elon has paper hands! Institutions will abandon us! The
horror and scorn ran far and wide.
On today’s episode, NLW argues
that:
The sales proved to Tesla that bitcoin has deep
liquidity
That the combination of store of value plus
upside plus liquidity makes bitcoin uniquely valuable as a treasury
asset
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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.