Bitcoin (BTC) $86,620.00 0.91%
Ethereum (ETH) $2,754.64 0.50%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 117.974871 0.89%
Chainlink (LINK) $13.01 1.75%
Cardano (ADA) $0.25 3.70%
Litecoin (LTC) $62.00 0.87%
Dash (DASH) $64.53 10.02%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.476239 2.15%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 -0.54%

Cryptocurrencies: 30085

Markets: 114499

Market Cap: $2,938,670,388,713

24h Vol: $117,682,067,944

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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