There is a difference between adopting BTC and using BTC as transaction intermediary

[Anonymous No.28155122]

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.

[Anonymous No.28156648]

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[Anonymous No.28156802]

But it helps, if normies see the price over time
>$45k vs 1 BTC in 2021
>$50k vs 0.25 BTC in 2021
>$55k vs 0.1 BTC in 2022
>$80k vs 100k sats in 2023
>$15mil vs 45k sats in 2024

[Anonymous No.28157115]

>>28156802
The problem with an asset class built on the backs of poors is that it'll go to shit at the first true job market recession we encounter.

[Anonymous No.28157461]

>>28157115

I think we already established this year, asset prices don't give a fuck about the poor.

[Anonymous No.28157614]

>>28157461
Money has been plentiful and less people are in debt than ever this year