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Tesla Buys Bitcoin

Jan. 10, 2021 5:08 PM ETBitcoin USD (BTC-USD), TSLA, TWTR81 Comments
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  • How do you get $185 billion to Mars?
  • How can 2021 get weirder than 2020?
  • Next act for Earth’s richest man?

New Clues About Potential Life on Mars Revealed by Ancient Meteorite Site on EarthGazing at the night sky last night, it occurred to me that 2021 is already 3% over and I need to get going on my annual prediction and answer the above questions. 2020 was weird for all sorts of reasons, not least of all Tesla and Bitcoin:

As we entered 2021, Twitter (TWTR) made the bold move vis-à-vis karma, fate, the Gods, etc. to tweet this taunt:

Challenge accepted, Twitter. So far, 2021 tripped and face planted right on that low bar. So given that we’re in an incredibly volatile environment for weirdness, I’m looking for the highest vol bet possible for this year. And so I turn to planet Earth’s richest man, Elon Musk. He is bound for Mars, but can’t take his $185 billion net worth with him. The solution is clear and, perhaps, inevitable: start converting US$ to Bitcoin (BTC-USD). Due to the enormous leverage he gets from his compensation package in Tesla (TSLA), the best way to start is for history’s most valuable car company to buy 400,000 BTC sometime by the end of the second quarter.

Applications of Compressed Air and Flywheel Combinations in Energy StorageThis will create a massive flywheel in which the bitcoin exposure will cause Tesla and bitcoin fanatics to simultaneously lose their minds.  As they pump every last PPP dollar into one or the other, they will both reach escape velocity. And Elon will be on his way to taking it with him (at least as far as Mars). All this will take is a single tweet. There has been a recent opening in both Twitter and crazy that only one man and one plan can fill. 2021: take it away…

Analyst's Disclosure: I am/we are long BTC-USD.

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