Today I’m going to weave together three seemingly unrelated stories from the past week to highlight a trend that I believe we are largely overlooking. Ready?
First, Tesla’s Q1 earnings release revealed that the company sold $272 million worth of its bitcoin holdings in the first quarter. According to its CEO, Elon Musk, it did so to test the market’s liquidity. The $101 million it added to the company’s quarterly profit didn’t hurt, either.
Second, crypto lender Genesis Trading (a…
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