Space X will buy bitcoin and use it as a treasury reserve asset. In this video I explain why.

Back in August of 2020 Microstrategy started buying bitcoin as its treasury reserve asset. Microstrategy CEO Michael Saylor has been doing the media rounds explaining his rationale. He even got into a conversation on twitter with Space X CEO and founder Elon Musk.

Since then a number of events have conspired that make me believe that Space X and possibly even Tesla will add bitcoin to their treasury reserves.

My belief was heightened even more when Elon Musk started tweeting heavily about doge coin after removing the bitcoin hashtag from his Twitter bio. Is Elon intentionally taking focus off bitcoin so Space X and Tesla can start accumulating without running up the price anymore than his initial tweet did? I believe so!

If I am right the implications for the price of bitcoin are massive.

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DISCLAIMER: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view here.