Bitcoin: this year I stand to make $200 million more than Elon Musk
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Elon Musk, the chief executive of Tesla, recently announced his company had bought US$1.5 billion (almost A$2 billion) of Bitcoin. The announcement led to a flurry of enthusiasm and a quick surge in price for the controversial cryptocurrency.
This price bump has been good news for Musk in the short term. At one point, Tesla’s Bitcoin...
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