Bitcoin Doesn't Care, Elon

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In this video, I discuss the diminishing power of Elon's tweets to move Bitcoin, as well as his fundamentally hypocritical approach to Bitcoin's energy usage.

Bitcoin is a hungry energy monster that will continue to devour both fossil fuels and renewables. Just like the internet, no one can stop it.

Bitcoin is an autonomous organism that will keep growing, seeking out the cheapest form of energy (hydro, solar, wind, nuclear).

The market is already pricing in Elon's tweets-- their power to move the market is diminishing.

Bitcoin has no royalty. Bitcoin doesn't care, Elon.

Not investment advice! Consult a financial advisor.

Elon breaking up with Bitcoin?
https://twitter.com/elonmusk/status/1400620080090730501

Musk agrees that BTC incentivizes renewable energy:
https://twitter.com/jack/status/1384903902907314176

Make humanity an interplanetary species:
https://twitter.com/elonmusk/status/1390387635961610242

Rockets are dirty:
https://www.latimes.com/business/story/2020-01-30/space-launch-carbon-emissions

The Kardashev Scale:
https://en.wikipedia.org/wiki/Kardashev_scale

Tesla heavily dependent on carbon credits:
https://finance.yahoo.com/quote/TSLA/financials?p=TSLA
https://www.bloomberg.com/news/articles/2021-01-27/tesla-credit-revenue-may-rise-to-2-billion-credit-suisse-says

Amazon prospered even when Wall Street hated it:
https://www.cnet.com/news/an-amazon-bull-pulls-back/

Gold prospered even though central banks were dumping it:
https://money.cnn.com/1999/05/19/worldbiz/gold/
https://en.wikipedia.org/wiki/Sale_of_UK_gold_reserves,_1999%E2%80%932002
https://www.forbes.com/sites/stephenpope/2019/05/07/remembering-not-so-golden-gordons-bizarre-bullion-blunder/

Bitcoin will burn the planet down:
https://www.wired.com/story/bitcoin-will-burn-planet-down-how-fast/

Should we shut down the internet too:
https://www.forbes.com/forbes/1999/0531/6311070a.html

Ray Dalio changes his mind on Bitcoin:
https://www.cnbc.com/2017/09/19/ray-dalio-says-bitcoin-is-bubble.html
https://www.forbes.com/sites/jonathanponciano/2021/05/24/billionaire-ray-dalio-reveals-bitcoin-stake-but-warns-of-regulation-rocking-crypto-markets/

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#Bitcoin
#ElonMusk
#Tesla

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