Companies Are Profiting More Off Bitcoin Than Actual Products
Bitcoin is being purchased in high quantities by companies with cash reserves, and these businesses are making a killing. One of the largest purchases we have seen so far has been done by Tesla, buying $1.5 billion dollars worth of bitcoin. It is hard to estimate the exact value of the bitcoin now, but I would say Tesla has made nearly half a billion dollars since that purchase was made.
Tesla is not the only company turning massive profits from buying bitcoin. Bitcoin will continue to be used as an asset for storing cash reserves, and will provide the investors with steady growth. The CFO's who realize that there are companies out there who are earning more money from owning bitcoin than the actual operations of the business will wish they decided to buy in sooner.
When I start a company of any kind, I will always be sure that there are cash reserves in bitcoin. There also should always be a plan in place that consistently earns the business bitcoin. Anyone who denying the value of buying bitcoin is simply a fool.
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Tesla was never profitable as a car manufacturer, so it is easy to put anything that makes +$1 to have a gain :)
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Even a profitable company would have earned more from bitcoin.
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That is mostly true, here was to underline that it made them profitable beyond what they've dreamed of.
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