Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide.

On today’s episode, NLW argues that:

The sales proved to Tesla that bitcoin has deep liquidity
That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset

Image credit: Britta Pedersen-Pool/Getty Images

CoinDesk Podcasts

The Breakdown With NLW Episode

Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

According to Elon himself, it was all about demonstrating bitcoin’s liquidity.

Host

Nathaniel Whittemore

Episodes

The EU Has Now Become the Global Crypto Regulatory Leader

Apr 23, 2023, 10:00 a.m.

Hasta La Vista, U.S.! Crypto Companies Look Abroad

Apr 22, 2023, 12:00 p.m.

A Landmark Moment for Crypto in Europe as MiCA Passes

Apr 22, 2023, 12:36 a.m.

The Case for U.S. Stablecoin Regulation

Apr 20, 2023, 5:15 p.m.

Congress Grills Gensler on Anti-Crypto Stance

Apr 19, 2023, 9:39 p.m.

Coinbase Says Without Regulatory Clarity It Will Be Forced to Leave the U.S.

Apr 18, 2023, 9:53 p.m.

The House Finally Introduces a Stablecoin Bill, but Will Crypto Opponents Even Come to the Table?

Apr 17, 2023, 8:38 p.m.

The Latest New York Times Bitcoin Mining Hit Piece Is a Monument to Intellectual Laziness

Apr 16, 2023, 9:00 a.m.

Will Withdrawals Drive a New Institutional Ethereum Narrative?

Apr 15, 2023, 5:03 p.m.

Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust

Apr 14, 2023, 11:41 p.m.

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