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RE: 1.5 Billion Dollars and The effect It Has On Bitcoin

in LeoFinance4 years ago

I've been waiting for something like this to happen for years. If TESLA is the first domino to fall, we could see a massive windfall of money pour into BTC that makes previous bull rallies pale in comparison... I think that it will continue to happen slowly throughout the year. Most companies are likely still wary of adding BTC to their balance sheet and TESLA is in an enviable position of having A LOT of cash on hand, so it isn't as big of a risk for them as it would be for other larger corporations.

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More adoption is better and creates demand. However bitcoins fees are stupid high so it's really only good for large fund transfers compared to other solutions. Only a matter of time till those others start to take hold.

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