The Convergence Between Tesla, SpaceX, Renewables And Bitcoin Mining By Cointelegraph


The convergence between Tesla, SpaceX, renewables and Bitcoin mining

Tesla (NASDAQ :), a top 10 Fortune 100 company run by one of the world’s richest people, Elon Musk, transferred $ 1.5 billion from its treasury to (BTC) in early February. Musk’s purchase of Bitcoin surprised traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin. Currently, much of Tesla’s revenue comes from the sale of surplus renewable energy credits, or RECs, which will be depleted in the coming years as competing automakers produce their own zero-emission vehicles and rack up RECs. with the states that require them.

William Sgamosszegi is the CEO and founder of Sazmining Inc, a cryptocurrency mining developer and consulting company, and host of Everything Crypto Mining: The Sazmining Podcast. He is bullish on the future of Bitcoin as the dominant global digital reserve asset and believes that Bitcoin is the solution for solid layer one money. William grew up in Maryland and studied psychology and management at Bucknell University. William spends his free time exercising, seeing friends, and reading.

Continue reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will accept no responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.