Elon Musk is marching to the Bitcoin future as Tesla goes all the way – you can buy Tesla with BTC now. Largely, just like we collect registration for Tekedia Mini-MBA with BTC, there is no risk on this playbook. Yes, Tesla can get you to pay with BTC, and settle the transaction immediately in USD in its bank account. Where people have problems is when they begin to hold BTC in perpetuity.
When that happens, the gyration begins to play. If BTC helps you to get extra customers, make it available, but if you are worried about the risks, settle the transactions to USD (or local currency) instantly. The outcome: you can collect BTC and have no risk exposure to BTC.
As Tesla goes Bitcoin, Morgan Stanley joins.
Institutional banking powerhouse Morgan Stanley seems to have given Bitcoin its nod of approval. Based on fresh intel via an “internal memo”, as reported on by CNBC, Morgan Stanley will give clients access to Bitcoin (BTC) investing, though only under specific conditions.
The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter,” CNBC reported on Wednesday. The opportunity is expected to open in April, according to the sources.
Bitcoin interest from mainstream finance has risen significantly over the past year or so, with players such as MicroStrategy, Tesla, and Square buying large stacks of BTC.
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