What Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets

2022-7-22 23:28

Corporations are likely to remain cautious on adding bitcoin to their corporate treasuries, but not because of Tesla’s move.

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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