Bitcoin (BTC) $83,483.14 -1.31%
Ethereum (ETH) $1,824.06 -2.76%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 120.125212 -3.43%
Cardano (ADA) $0.65 -3.12%
Chainlink (LINK) $13.20 -3.91%
Litecoin (LTC) $83.45 0.56%
Helium (HNT) 2.836456 -5.95%
Polygon (MATIC) 0.25693 2.45%
Dash (DASH) $21.87 -2.08%
X-CASH (XCASH) 3.0E-6 3.31%
Dogecoin (DOGE) $0.00 -0.75%

Cryptocurrencies: 25782

Markets: 103780

Market Cap: $2,679,452,033,483

24h Vol: $129,833,852,750

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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