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Bears Fuming as Elon Opens Tesla Purchases With Bitcoin

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Today on the Brief:

  • Robinhood IPO incoming
  • Competing bitcoin price predictions 
  • Yellen and Powell’s latest testimony on economic growth

Our main discussion:

Elon Musk announced this morning Tesla’s program for buying its cars with bitcoin: 

  • Says the company is running Bitcoin network nodes
  • Says Tesla won’t convert back to fiat but will hold bitcoin
  • Expanding the program internationally coming soon

NLW breaks down the hater response from the Tesla and Bitcoin sides and argues that much more significant are the other CEOs – like that of buzzy bed startup Eight Sleep – who are following suit. 

-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com
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