/biz/ - Business & Finance

Example:
TSLA says its "accepting" BTC

Investment in BTC as currency
>TSLA are now 1 BTC
>Regardless of USD exchange rate

BTC meme - as a transaction intermediary
>"WOW THEY USE BTC I'M GONNA BUY!"
>TSLA car priced at $45,000
>TSLA finds buyer for 1 BTC at $45,100
>Sells short a BTC at $45,100
>Accepts your BTC at $45,000 and covers
>$45,100 revenue
This is how companies like paypal or square use BTC to jew a little off the top. They are not adopting BTC, nor investing in it. They're profiting off your euphoria.

Obviously it remains to be seen what TSLA will do, but its fairly obvious it will be the later.
Illiquid BTC and low revenue doesn't look very good on a balance sheet come earnings.
Okay I'm done fudding but I'm just so tired of people thinking big companies are actually bullish on bitcoin as a replacement for fiat.

>>27388380
I own 10 Japanese vending machines that I bought up in a suburb in flawed plan to spook a xenophobic buyout offer.