BREAKDOWN: Bears Fuming as Elon Opens Tesla Purchases With Bitcoin

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4.8 • 689 Ratings

🗓️ 24 March 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla is allowing U.S. customers to buy vehicles with bitcoin, and it is not changing the crypto back to fiat.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.

Today on the Brief:

Robinhood IPO incoming
Competing bitcoin price predictions
Yellen and Powell’s latest testimony on economic growth

Our main discussion:

Elon Musk announced this morning Tesla’s program for buying its cars with bitcoin:

Says the company is running Bitcoin network nodes
Says Tesla won’t convert back to fiat but will hold bitcoin
Expanding the program internationally coming soon

NLW breaks down the hater response from the Tesla and Bitcoin sides and argues that much more significant are the other CEOs – like that of buzzy bed startup Eight Sleep – who are following suit.

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.

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Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:04.8	The breakdown is sponsored by nexo.io, Casper, and Exodus, and produced and distributed by CoinDesk.
1:12.2	What's going on, guys? It is Wednesday, March 24th, and today we are talking about the bears
1:17.9	absolutely frothing at the mouth and fuming, as Elon Musk allows that people can now buy
1:24.2	their Teslas with Bitcoin. First up, however, let's do the brief. First on the brief today,
1:30.3	big IPO news. Robin Hood has confidentially filed with the SEC for an initial public offering,
1:36.9	this according to insiders reported to Bloomberg. Robin Hood could be going public as soon as late
1:42.7	Q2 of this year, and it sounds like they've
1:45.0	selected NASDAQ but haven't set the terms as of yet. So let's talk the good and the bad.
1:50.3	The good, Robin Hood did start democratizing trading last year as per their mission. This is a
	...

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