No. of Recommendations: 0
Saturday speculation.
First, define the problem: Citizens (and non-citizens) vote for politicians who spend their countries into runaway inflation and eventual bankruptcy. Elon now knows that no matter what he does he cannot stop this phenomena.
Next, define the solution: Bitcoin. Bitcoiners know that taking away the printing press is the solution to excessive government spending. You can't spend what you don't have.
The speculation: After exhausting all other possible solutions (including starting a new political party) Elon will turn into a hard core Bitcoiner and convert Tesla's considerable USD treasury into mostly BTC.
Hard to say what this would do to Tesla stock. Most would view it as un-American to undermine our currency. Some would see it as necessary to protect Tesla's assets from debasement. A few would see it for what it is: a bold step forward to a new neutral, global, scarce monetary system. Maybe neutral for the stock in the short run but a positive in the long run is my guess.
For BTC, it would be a nice boost. But, BTC is already at 2T and more companies are moving to a BTC treasury on a daily basis now. So, a nice jump but only a couple of drops in the bucket. Although BTC does feel as though it's close to the elbow of the adoption S curve.
