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๐ฅ Elon Musk Revealed Why Tesla Sold $BTC โ And Why SpaceX Still Holds
Elon said Tesla reduced BTC holdings mainly due to volatility and working capital risk, while SpaceX kept most of its BTC since it didnโt face those pressures.
He also admitted his past concerns about BTCโs heavy coal energy use, but confirmed mining is now rapidly shifting toward renewable sources like wind and solar.
Elon even suggested crypto could be the future currency of Mars, likely using faster off-chain systems like Lightning Network due to interplanetary communication delays.
$XAG $PIPPIN
Source: FARZAD
Elon said Tesla reduced BTC holdings mainly due to volatility and working capital risk, while SpaceX kept most of its BTC since it didnโt face those pressures.
He also admitted his past concerns about BTCโs heavy coal energy use, but confirmed mining is now rapidly shifting toward renewable sources like wind and solar.
Elon even suggested crypto could be the future currency of Mars, likely using faster off-chain systems like Lightning Network due to interplanetary communication delays.
$XAG $PIPPIN
Source: FARZAD
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