Bitcoin for Tesla’s

Why Tesla bought $1.5 billion in BTC

David H. McGuire
2 min readMar 5, 2021

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It was two weeks ago Tesla announced that it would allow BTC to be used to buy their products, whilst buying $1.5 billion in BTC. An interesting time as BTC broke through new heights in its valuation vis-à-vis dollars. It left everyone considering why, well it all makes sense. It is Tesla entertaining the idea that BTC is a potential financial lubricant for its international success, not only because the BTC in China will be as good as the BTC spent in New Zealand with Tesla, but the ability to circumvent the legalities of corporate…

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