Just as I predicted, Elon Musk has shown his grand playbook: more money for his empire. Today, he wrote “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.” Note the word “renewable”.
On May 13 when he tobacco-lized Bitcoin, making it suddenly dirty due to the mining process, I wrote this: ” The chief evangelist of the company, Elon Musk, cited the “rapidly increasing use of fossil fuels” for mining and transactions, and the cryptocurrency plunged. Now, Elon has just seeded another business for his empire: mining Bitcoin with renewable energy. Watch out, in the next coming months, SolarCity, his partly renewable energy business, will have things for that market need.
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
— Elon Musk (@elonmusk) May 24, 2021
“Why not? If holding Bitcoin is going to be tobacco-lized – yes, extremely dangerous and immoral because of fossil-based mining – the only solution would be buying SolarCity CoinMiner [I made that up]. And that is another perception demand opportunity for his generation’s finest innovator. Tesla will resume buying the coin if the mining process becomes cleaner.”
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Good People, expect SolarCity to get a huge part of this bitcoin business because it is one of the largest renewable energy companies in America. Musk, we understand your playbook! I knew it was all about making SolarCity relevant again!
With this Musk revelation, SolarCity has a clear double play strategy, and it is a very significant one if the company can capture most of the opportunities. Of course, it is not a bad thing to move Bitcoin mining to the renewable space. What was confusing was the impulsive tobacco-lization of the crypto after years of buying and trading on it.
---
Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
Indeed, we should now become increasingly scared of the man named Elon Musk, on the 13th when your prediction went live, I wrote here, “This obviously makes it’s evident that he want to raise the valuation of SolarCity, because, when people become distasteful of the source of energy from which the coin is mined, they would pivot to his company”.
Look at it from the start why would a man armed with heavy data, have major company with the intention to clean up a particular mess, then invest/ allow that same messy system be a means of payment for his solution, it’s either madness or planned work. In this case it’s planned work, and Indeed WARs ARE WON BY ECONOMICS- critical intellectual thinking.
So, now, we are very sure on the future of SolarCity, what we’re not sure is how the mercurial CEO would avert the crake down on the coin, except their is another playbook on that, but I am confident and rest assured that he would not be coming out of all these scratched- all this is part of a larger scheme.
“Indeed, we should now become increasingly scared of the man named Elon Musk, on the 13th when your prediction went live, I wrote here, “This obviously makes it’s evident that he want to raise the valuation of SolarCity, because, when people become distasteful of the source of energy from which the coin is mined, they would pivot to his company”.” – yes indeed. You called it. So much power under one man.
True Prof, so much power given to one man. This morning, I was on my daily routine round the school premises before the day breaks, and it struck me that he also has Neuralink.
For many of his product we have had clear ideas of how he sold them for example; SpaceX – make space object that are more efficient than the regulators own, sell at a very cheap price. Then he did the same for The Boring company, he has played us all for SolarCity- it’s not as though the company has not be running fine with the coin, but coin consumption would raise it.
However, Neuralink, is a big deal and we need to do a lot of think in that space- Man is going heavy there.
True Prof, so much power given to one man. This morning, I was on my daily routine round the school premises before the day breaks, and it struck me that he also has Neuralink.
For many of his product we have had clear ideas of how he sold them for example; SpaceX – make space object that are more efficient than the regulators own, sell at a very cheap price. Then he did the same for The Boring company, he has played us all for SolarCity- it’s not as though the company has not be running fine with the coin, but coin consumption would raise it.
However, Neuralink,too me is a big deal and we need to do a lot of think in that space- Man is going heavy there.
Elon is a fantastic con artist, I like his innovative mindset, but I am not sure how well he would score in ethics and morality class; his baggage can be suffocating most times.
Well, when you are a super billionaire and at the time a fine innovator, you can easily enjoy some divine attributes, because whatever you say will still resonate amongst millions of people.
The gladiators decide the direction of markets, while spectators and speculators keep adjusting to the formers’ heartbeats.
And the fiddling continues…