# Future of Bitcoin
**URL:** https://forum.mustachianpost.com/t/future-of-bitcoin/3750
**Category:** Investing / Cryptocurrencies
**Created:** [April 26, 2020, 10:18am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750 "2020-04-26T10:18:47Z")
**Posts on this page:** 20
**Page:** 18
### Author:  [@Oliv](https://forum.mustachianpost.com/u/Oliv)
#### Post date: [May 5, 2021, 10:06pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/348 "2021-05-05T22:06:19Z")
Just in, from their [financial report](https://www.sec.gov/Archives/edgar/data/0001099590/000156276221000190/meli-20210505xex99_1.htm):
The largest e-commerce company in Latin America, MercadoLibre just added #Bitcoin to its balance sheet.
“As part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.”
I guess they were not fan of the hyperinflation in their country.
---
### Author:  [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)
#### Post date: [May 6, 2021, 1:28pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/349 "2021-05-06T13:28:29Z")
Only metal plan for now (beta test with limited withdrawals) but still huge for the adoption
[https://blog.revolut.com/bitcoin-withdrawals-have-landed/](https://blog.revolut.com/bitcoin-withdrawals-have-landed/)
---
### Author:  [@dbu](https://forum.mustachianpost.com/u/dbu)
#### Post date: [May 7, 2021, 2:09pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/350 "2021-05-07T14:09:15Z")
What the hell was/is this? 🤣
Ah the famous strong hedgehog signal!
---
### Author:  [@PriorBall](https://forum.mustachianpost.com/u/PriorBall)
#### Post date: [May 7, 2021, 5:01pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/351 "2021-05-07T17:01:19Z")
dipped a bit
---
### Author:  [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)
#### Post date: [May 10, 2021, 6:43pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/352 "2021-05-10T18:43:12Z")
ARK‘s Cathie Wood joins 21 Shares AG (abba, abtc)
[https://www.bloomberg.com/news/articles/2021-05-10/ark-s-cathie-wood-backs-european-crypto-platform-joins-board](https://www.bloomberg.com/news/articles/2021-05-10/ark-s-cathie-wood-backs-european-crypto-platform-joins-board)
---
### Author:  [@Yanikuza](https://forum.mustachianpost.com/u/Yanikuza)
#### Post date: [May 10, 2021, 10:19pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/353 "2021-05-10T22:19:37Z")
Do we have to expect a massive correction like her currently ETF 🙃 ?
---
### Author:  [@Zerte2](https://forum.mustachianpost.com/u/Zerte2)
#### Post date: [May 11, 2021, 11:50am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/354 "2021-05-11T11:50:36Z")
Interesting: the EU puts a foot into the crypto world:
> **[EIB issues its first ever digital bond on a public blockchain](https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain)**
>
> On 27 April 2021, the EIB launched a digital bond issuance on a blockchain platform, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe...
---
### Author:  [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)
#### Post date: [May 12, 2021, 11:08pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/355 "2021-05-12T23:08:26Z")
Elon’s tweet:
I’m not buying it one bit: fossil fuels consuption for Bitcoin mining was already a big issue when Elon decided to get Tesla into Bitcoin, yet, Bitcoin prices are falling. I’ll never get what gets into the head of crypto traders (as opposed to true believers, which I can understand, though not for Bitcoin itself).
---
### Author:  [@Oliv](https://forum.mustachianpost.com/u/Oliv)
#### Post date: [May 13, 2021, 7:58am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/356 "2021-05-13T07:58:36Z")
There is no rational in Elon’s behavior, in the same day he pumps dogecoin which is a fork of Bitcoin that uses… Proof of work…go figure.
---
### Author:  [@dbu](https://forum.mustachianpost.com/u/dbu)
#### Post date: [May 13, 2021, 8:32am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/357 "2021-05-13T08:32:45Z")
This guy should get his internet access confiscated 🤣
---
### Author:  [@Yanikuza](https://forum.mustachianpost.com/u/Yanikuza)
#### Post date: [May 13, 2021, 8:41am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/358 "2021-05-13T08:41:09Z")
That’s why he did his starlink project, in case someone shut his Internet down 😂
---
### Author:  [@Oliv](https://forum.mustachianpost.com/u/Oliv)
#### Post date: [May 13, 2021, 8:47am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/359 "2021-05-13T08:47:08Z")
I only see these four reasons, either:
1. Tesla are complete amateurs who did not do any due diligence
2. It’s a good old pump & dump
3. They are launching a Tesla coin
4. They are launching a pack Tesla sunroof + battery + mining ring
Pick your choice
---
### Author:  [@Wolverine](https://forum.mustachianpost.com/u/Wolverine)
#### Post date: [May 13, 2021, 9:01am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/360 "2021-05-13T09:01:02Z")
My theory is they needed something to pump their earnings and Bitcoin looked cool for that. Now they’re betting it won’t suffice, so are dropping it, only to pump up some other crypto which they’ll then try to ride for a bit.
Another option is that Elon has faced more backlash than he’d liked for getting his EV company into a fossil fuel consuming business, so he is now correcting the course.
That there are people to take Elon or Cathie Wood’s official communication at face value is making me sick.
---
### Author:  [@hippo](https://forum.mustachianpost.com/u/hippo)
#### Post date: [May 13, 2021, 9:05am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/361 "2021-05-13T09:05:38Z")
> [@Wolverine](#):
>
> Another option is that Elon has faced more backlash than he’d liked for getting his EV company into a fossil fuel consuming business, so he is now correcting the course.
This seems pretty clearly the reason to me. If you are a Tesla investor you are investing in a green future (at a hefty premium) and should rightfully be pissed off if the company engages in such environmentally costly mediums.
---
### Author:  [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)
#### Post date: [May 13, 2021, 9:17am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/362 "2021-05-13T09:17:10Z")
Coincidence?
[https://www.reuters.com/business/sustainable-business/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12/](https://www.reuters.com/business/sustainable-business/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12/)
---
### Author:  [@Oliv](https://forum.mustachianpost.com/u/Oliv)
#### Post date: [May 13, 2021, 9:28am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/363 "2021-05-13T09:28:08Z")
I guess there is no coincidence, Elon had a very different opinion just a few weeks ago.
---
### Author:  [@Architect](https://forum.mustachianpost.com/u/Architect)
#### Post date: [May 13, 2021, 10:12am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/364 "2021-05-13T10:12:20Z")
> [@Oliv](#):
>
> Pick your choice
Tesla said it stopped accepting bitcoin for now.
Tesla didn’t say it will sell its bitcoins or other cryptocurencies. 🧐
---
### Author:  [@Architect](https://forum.mustachianpost.com/u/Architect)
#### Post date: [May 13, 2021, 10:17am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/365 "2021-05-13T10:17:17Z")
💰 🏗 🇵🇹
Cryptocurrencies meet Real Estate meet Portugal
---
### Author:  [@stojano](https://forum.mustachianpost.com/u/stojano)
#### Post date: [May 13, 2021, 10:20am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/366 "2021-05-13T10:20:45Z")
Energy Web Token did well today.
[https://energyweb.org/technology/token/](https://energyweb.org/technology/token/)
I suppose Elon, Jack et al. are already working on a solution to the p.o.w. carbon emission issue.
---
### Author:  [@Oliv](https://forum.mustachianpost.com/u/Oliv)
#### Post date: [May 13, 2021, 10:53am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/367 "2021-05-13T10:53:14Z")
You are absolutely right, he actually says “Tesla will not be selling any Bitcoin”.
[Previous page](https://forum.mustachianpost.com/t/future-of-bitcoin/3750.md?page=17)
[Next page](https://forum.mustachianpost.com/t/future-of-bitcoin/3750.md?page=19)