Bitcoin (BTC) $64,688.63 3.04%
Ethereum (ETH) $1,883.70 4.88%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 77.416361 2.78%
Chainlink (LINK) $8.41 5.45%
Cardano (ADA) $0.16 3.44%
Litecoin (LTC) $45.39 3.92%
Dash (DASH) $34.35 4.32%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.213221 1.14%
X-Cash (XCASH) 2.0E-6 0.00%
Dogecoin (DOGE) $0.00 3.49%

Cryptocurrencies: 29447

Markets: 111578

Market Cap: $2,219,610,896,142

24h Vol: $73,724,770,126

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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