Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads

[newshunter]

Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads

Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade.

Source: Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads

Would appreciate your opinion about this

[Bobcrypto]

It should not be a surprise to them that are wondering or scratching their head because Tesla and it's founder, Elon Musk believed on bitcoin as a good investment platform. Tesla's currentl btc investment has yielded a good short term profit, though the firm invested on the long term. By some calculation, the $1.5b invested few days a ago has a better return than the firm's one year declared profit. I think scratching may continue because of fear of a btc crash, unfortunately, BTC has come to stay.

[Mexite]

Companies who are future minded and open to new digital opportunities would know that cryptocurrency has potential to change the future of money and investment, and so would consider keeping Bitcoin and other top cryptocurrencies as part of their company asset portfolio. We have been seeing inflow of money from traditional institutions in recent times; this signals that cryptocurrency is gaining traction.

[Fenix]

Elon Musk loves to surprise by investing his funds in various new technologies and at the same time he invariably receives high profits, which gave him the opportunity for some time to become the richest man in the world. People believe in Elon Musk's intuition and if his company invested $ 1.5 billion in bitcoin, this was the reason for a sharp increase in interest in cryptocurrency from various sectors of society.
After such a step, and it will not be the only one, it will be very difficult for states to take unpopular measures in relation to cryptocurrency.

[TomPluz]

I can sense that soon Tesla is going to be answering some inquiries from governmental bodies with its decision to buy a big chunk of Bitcoin and how its founder Mr. Elon Musk seemed to have done some manipulation with the asset. I am sure this can be a big source of some wrangling between the government and the whole industry because we are not looking the way regulators are seeing things. Good to watch as this can be exposing the mindset of the regulators on this matter.