Elon Musk’s Tesla (TSLA) has purchased $1.5 billion in bitcoin as a treasury reserve asset. Additionally, the company will soon be allowing people to pay for Teslas with bitcoin.

In this episode, NLW breaks down:

• How Elon got to this moment, including his exchanges with MicroStrategy’s (MSTR) Michael Saylor
• What critics of the Tesla community and the bitcoin community are likely to say
• How this de-risks bitcoin purchases for other Fortune 500 companies
• How it relates to Elon’s doge memeing
• Why this is likely to have a significant impact on bitcoin’s narrative regarding climate change and energy use
• Why Cathie Wood is laughing all the way to the bank.

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