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BREAKDOWN: Elon Musk Buys Bitcoin - Everything You Need to Know About Tesla's $1.5B Purchase

Author
CoinDesk
Published
Mon 08 Feb 2021
Episode Link
https://www.coindesk.com/podcasts/the-breakdown-with-nlw/elon-musk-buys-bitcoin-tesla-billion-purchase

The implications of Elon Musk’s purchase on bitcoin’s climate narrative, other Fortune 500 treasury management strategies and more.
This episode is sponsored by Nexo.io.
Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin. 
In this episode, NLW breaks down:

How Elon got to this moment, including his exchanges with MicroStrategy’s (MSTR) Michael Saylor

What critics of the Tesla community and the bitcoin community are likely to say 

How this de-risks bitcoin purchases for other Fortune 500 companies 

How it relates to Elon’s doge memeing 

Why this is likely to have a significant impact on bitcoin’s narrative regarding climate change and energy use 

Why Cathie Wood is laughing all the way to the bank. 

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Image credit: Britta Pedersen/Getty Images Entertainment
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