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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (168264)	2/8/2021 5:15:48 PM
From: Julius Wong	Read Replies (2) of 217712

Tesla has 'de-risked' purchase of Bitcoin by public companies - Microstrategy's Saylor Feb. 08, 2021 3:40 PM ET Bitcoin USD (BTC-USD) By: Stephen Alpher, SA News Editor 208 Comments I'd rather have a volatile appreciating asset than a stable depreciating asset, says Microstrategy ( MSTR +25.2%) CEO Michael Saylor, quickly making the case for corporate treasurers to swap out dollars for Bitcoin ( BTC-USD) on the company books. Appearing on CNBC to comment on Tesla's ( TSLA +0.8%) disclosure of the purchase of $1.5B worth of Bitcoin, Saylor didn't confirm or deny whether he's been in private contact with Elon Musk, but he says the move has de-risked the acquisition of Bitcoin by public companies, and expects more corporate chiefs to follow. Bitcoin continues to hold most of its morning gains, up 12.7% for the day at $43.46K. It was about two months ago when Saylor offered (via Twitter) to advise Musk on Bitcoin purchases "from one rocket scientist to another."

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