Elon Musk Is Now Buying Bitcoin With Tesla Cars

Happy Wednesday, Blockfolians

The Lede

Elon Musk has, apparently, gotten sick of buying bitcoin the normal way and decided to start trading Tesla’s for it.

Whatever the case, the fact of the matter is, Tesla is now accepting bitcoin for vehicles and has made it clear that they are not selling it.

Running nodes and putting bitcoin on the treasury?

Sounds like HODLers to us.

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Highly Relevant Reading

  • Fed Chair and Treasury Secretary discuss a digital dollar before Congress

  • Starkware has raised $75M in Series B funding

  • Fidelity is the latest to file for a Bitcoin ETF

  • Serena Williams is now an investor in Lolli


Community Commentary

Inflation making it to the mainstream
Our bet is Dalio is already planning a fund

A Really Big Number We Should Be Paying Attention To

52%

That’s the percentage of investors recently surveyed by Deutsche Bank that think that bitcoin will be less than $60,000 in 12 months. Important note: only 23% of them own bitcoin.


Final Thought

Great color on the name of Fidelity’s Wise Origin ETF