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Tesla Buys Bitcoin_ Why Big Banks Don't Want You To Follow & Is Bitcoin Bad For The Environment_!

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Published on 25 Feb 2021 / In Film & Animation

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Tesla Buys Bitcoin: Why Big Banks Don't Want You To Follow & Is Bitcoin Bad For The Environment?!






2 THE FUTURE with Jixuan & Sebastian
38.5K subscribers


Published on Feb 25, 2021
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0:00​ Why did Tesla buy Bitcoin? Is Bitcoin bad for environment? Is Bitcoin a good investment? We try to answer all these questions in this video.
2:50​ Bitcoin is a decentralized digital currency, not controlled by any banks or governments. On the other hand, central banks have been printing money and causing massive inflation in the last decade.
6:31​ Since there are only a limited amount of bitcoins, it's a deflationary currency which gives Bitcoin a huge plus in the Bitcoin vs Fiat debate.
7:48​ After Elon Musk buys Bitcoin, mainstream news media is criticizing Tesla for purchasing "dirty money". However, the banking sector is actually consuming ten times more energy per year than Bitcoin mining does.
12:51​ After Tesla buys Bitcoin, even based on a very pessimistic Bitcoin price prediction, Tesla's bitcoin reserve will not only finance all their future Gigafactory building plans, but also increase the lead of Tesla ahead of other carmakers.

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InfiniteMushroom 2 months ago

IMO, Bitcoin is on it's last legs and on its last push. The retail buyers are going to be left holding a bag of digital shit after (((TPTB))) unload their BTC on them.

All crypto is trash. Monero is the only one with real utility for those who need it.

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SQUEAK077 9 months ago

boa blocked anything i tried to buy through an app and got rid of a few cards i had.

   0    0
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