Hey everyone!
Elon Musk just tweeted.
Obviously, the internet exploded.
I want to quickly break down the reasons why this is important.
1) HIS SECOND TWEET WAS MUCH MORE IMPORTANT
Following up that first tweet, Elon clarified what Tesla was going to DO with the Bitcoin they collect, which is the ACTUAL biggest news.
Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.
WOW.
In an industry as CAPITAL INTENSIVE as the car industry….
Where EVERY DOLLAR typically needs to be put back into scaling production and building the cars themselves…
Elon and Tesla have decided to NOT sell their Bitcoin.
What does that tell us about their mindset? Read on.
2) Tesla would rather have BITCOIN than US Dollars…..
I know I just said this above. But read that again just so it sinks in. When one of the most innovative companies in the WORLD would rather have Bitcoin than dollars…. What does that mean about the future of Bitcoin?
It’s one thing to BUY Bitcoin (as Tesla already has). It’s quite another to accept it as payment for its cars.
3) Tesla believes that Bitcoin will appreciate in price MUCH MORE than if they used that money in DOLLARS to BUILD CARS.
It’s honestly true. They’ve already made much more on their initial $1.5 Billion investment than they’ve ever made selling cars…
4) Tesla believes that Bitcoin price will go up, SOON.
Elon is not a patient guy. He is trying to scale Tesla to the MOON, and FAST. In order to accomplish that, he needs EVERY OUNCE of profit he can get. Saying that they are going to HODL Bitcoin instead of using that money to build cars in the short term means they think this Bull Run is far from over.
5) Other companies are planning Bitcoin moves.
Do you think Elon would do this, if he wasn’t trying to front-run his other CEO buddies, who are also planning Bitcoin strategies? Obviously not.
6) People are actually going to do this, and it will be PUBLIC.
Tesla is a publicly traded company. Tesla is also one of the most popular car companies in the World.
People ARE going to buy Tesla’s in Bitcoin, a LOT of them.
This will be reported quarterly, on Tesla’s balance sheet.
Where will all the people that say “Bitcoin isn’t a medium of exchange” or “Bitcoin is too volatile to be used as currency” HIDE when there are BILLIONS of dollars in Bitcoin sales, sitting right there for the World to see.
7) This isn’t a “flash in the pan”.
Notice how Elon said in his tweet…
“Tesla is using only internal & open source software & operates Bitcoin nodes directly.”
If you aren’t a huge Bitcoin nerd like me…
You won’t know what a node is. That’s okay.
Only VERY SERIOUS Bitcoiners end up running one, because it is quite technical.
The key point is this.
I HAVE NEVER, EVER seen someone run a node who wasn’t serious about Bitcoin long term.
EVER.
People who run nodes are ready to go down with the ship, and Elon has officially attached his ship to Bitcoin.
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It really is incredible to watch.
If you are stumbling across this newsletter for the first time, I’d ask you to consider subscribing, it’s FREE for 30 days. (and then $10 after)
Later this week I’m going to be dropping more news on Bitcoin + a letter on how to best CHANGE THINGS in your life for the better, even when it’s hard.
It’s a hack that has really changed my life, and I don’t want any of you to miss it.
See you soon!
Kale
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