Tesla's $1.5B Bitcoin buy throws the cat amongst institutional pigeons
Cointelegraph
Published Feb 11, 2021 07:39AM ET
Updated Feb 11, 2021 09:20AM ET
Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price.
Head of equity strategy at Saxo Bank, Peter Garnry, wrote in a research note that Elon Musk had exposed Tesla (NASDAQ:TSLA) and its investors to “immense risk”, as reported by Reuters on Feb. 11.
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Written By: Cointelegraph
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