Bitcoin (BTC) $83,685.72 -1.14%
Ethereum (ETH) $1,821.79 -2.43%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 118.80588 -5.11%
Cardano (ADA) $0.65 -2.97%
Chainlink (LINK) $13.03 -3.49%
Litecoin (LTC) $83.97 2.09%
Helium (HNT) 2.82833 -5.44%
Polygon (MATIC) 0.25693 2.45%
Dash (DASH) $21.82 -1.70%
X-CASH (XCASH) 2.0E-6 2.07%
Dogecoin (DOGE) $0.00 8.62%

Cryptocurrencies: 25785

Markets: 103851

Market Cap: $2,676,417,408,842

24h Vol: $131,269,857,948

Seeking Alpha

2021-02-11 06:30:57

Profits Of Bitcoin

Profits Of Bitcoin

In the first part of this article, I review the news that Elon Musk bought $1.5B of Bitcoin for Tesla.In the second part, I explore the idea that there are fundamentally two types of Bitcoin companies, and how this impacts the stock's performance.Lastly, I provide evidence that Tesla could enjoy the benefits of both types of Bitcoin companies.

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