The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining

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To establish an interplanetary economy, humanity needs a better financial system that decentralized cryptocurrency can offer.
Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin.Currently, much of Tesla’s revenue comes from selling surplus renewable energy credits, or RECs, which will dry up in the next several years as competing automakers produce their own zero-emissions vehicles and build up RECs with states that require them.In Tesla’s filing with the United States Securities and Exchange Commission, the company stated that it updated its investment policy to be more flexible in diversifying and maximizing returns on idle cash. As part o

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Źródło: https://cointelegraph.com/news/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining

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