Most people don't realize how bullish it is that Tesla sold some of its Bitcoin

Those who got reactively mad at Tesla for selling Bitcoin totally missed the point that it was to prove that it can actually bring profits to a company. Tesla didn't purchase Bitcoin that cheap yet they were able to make $100 million in profit while still maintaining the strong majority of their holdings.This is likely to create FOMO both in individuals and especially other companies.In other words: Bullish!

Submitted April 27, 2021 at 02:36PM

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