Should Tesla sell its Bitcoin position? Here's a former Goldman Sachs exec's take

2021-3-5 10:45

Bitcoin's characteristics and its recent price rally have both contributed to companies gravitating towards it, with Tesla, the prominent American electric vehicle and clean energy company, being one The post Should Tesla sell its Bitcoin position? Here's a former Goldman Sachs exec's take appeared first on AMBCrypto.

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09