Michael Saylor offers to help get Elon Musk and Tesla into the Bitcoin game!

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Want to pick up a $100 Billion? Just convert your treasury to Bitcoin...

Elon Musk was in crypto news again today as he made some comments surrounding bitcoin and of course DOGE.

As expected the words surrounding bitcoin were not all that flattering, but the words relating to DOGE were, of course.

Not surprisingly, DOGE spiked 20% on the tweet while bitcoin was unaffected.

But, it's what happened next that I found the most interesting...

Bitcoin's White Knight, Michael Saylor showed up and responded to Elon with this:

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(Source: https://twitter.com/michael_saylor/status/1340665067570913280)

Want to pick up $100 billion? Simply go bitcoin like I did!

Then he also followed that up with offering Elon advice how to get large amounts of money into bitcoin, similar to the $1.3 billion Saylor got into it.

This coming from one rocket scientist to another...

Hopefully this gets Elon thinking...

Over the years Elon has been pretty neutral on bitcoin, having brief moments of praising it followed by other brief moments of criticizing it.

The ultimate luke-warm love/hate relationship.

If this were to happen it would be beyond huge for bitcoin and crypto.

TSLA is currently valued $658 billion and (according to Saylor) could pick up another $100 billion in value if it were to convert its treasury assets to bitcoin.

What's more, if TSLA were to make this move, many in the S&P would also follow along according to Saylor.

This would represent hundreds of billions coming into bitcoin, if not trillions.

Elon alone is worth $153 billion yet only owns .25 BTC.

As you can see, if Saylor just gets the ball rolling and gets Elon thinking, it could be game changing for bitcoin and crypto.

Like I mentioned in a previous post, the best things about getting guys like Saylor into bitcoin isn't the money they bring, it's the fact that they become cheerleaders for bitcoin spending their time bringing others in as well.

Bitcoin is the perfect mix of investment and religion with people buying in turning into zealots set out to recruit as many more members as they can.

Sounds like a perfect recipe for success!

Stay informed my friends.

-Doc

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17 comments
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Do you really think they are going to risk a business like SpaceX?

Think too much investment in bitcoin. If powerful people are going to do really the crypto thing, they are going to pump another coin and make other people jump to it, but not bitcoin.🤦‍♂ How people are not seeing this? Or you really think they are going to be happy to lose power?

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You do realize that TSLA is worth at least 3x the latest estimated valuation of SpaceX right?

Also, it wouldn't be risking SpaceX at all, all they are being asked to do is convert some of their cash into bitcoin. The risk of doing so is minimal but the reward is unbounded. Especially considering how investors tend to add premium to the stocks of companies that hold BTC.

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(Edited)

Well if you think buying bitcoin has minimal risk we can end the discussion here. Too much invested in, as said.

All goes up and down, there is no real reason for it to go higher, other than hype. There is new and better technology. Doesn't make sense to continue to support bitcoin, imho.

Has already served it's purpose: to introduce cryptocurrency to the world. That's it.

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Elon musk is doing pretty well with Telsa, but I feel BTC will make him do better.

With the analysis by experts that BTC is yet to hit it's estimated optimum value. Investing now will only bring more money to him.

I think more publicity is needed and I feel top respectable people could make this happen

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Whatever happens in the future with TSLA and BTC, this would still be a nice conversation between Saylor and Elon.

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Yes it was and hopefully it sparks something with Elon.

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If Tesla takes that step and turns all its treasury into bitcoin that would be to enter phase 3, because after Tesla would come others like apple, google, amazon, airbn, nike, or other technology companies.

It would be a party that would give the year 2021 a good start with cryptology.

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Yep, bitcoin would go to a million per coin in that scenario. It would be insane.

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This exchange between billionaires is the most expensive conversation I've ever witnessed in my life 😭

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Yep, and he's willing to share is secrets...

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