Quote:
Originally Posted by dino7c
You really think that many people will buy Tesla's with BTC? Also, that isn't cashing out its just transferring.
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Turning your investment into a depreciating asset is definitely cashing out.
The rise of bitcoin is largely due to people who have it cheering on it's rise.
If enough people were to sell out, they'd no longer care about it going up and therefore it wouldn't.
Now I have no idea if enough people will buy Tesla's with Bitcoin for that to be a concern, but it's certainly not transferring.