Tesla’s bank balance in Europe is giving negative interest rates - Elon Musk

The long awaited Bitcoin talk(Bword) finally happened and well....the aim was to inform/educate institutions and basically the public about Bitcoin through a discourse between some popular heads in crypto, Elon Musk, Jack Dorsey, Cathie Wood and Steve Lee. I did quite enjoy listening to them go all on about how Bitcoin gives individuals financial freedom and the role Bitcoin plays in ESG, their investments and so on.

Spoke about how Bitcoin has become/becoming environmentally friendly and helps under developed economy hedge inflation and transfer value, quoting El Salvador and Nigeria....all they said was nothing new to most people already in crypto for the right reasons. Jack also spoke a little about the Bitcoin wallet Square is planning to develop which Elon Musk emphasized that owning crypto on exchanges is unsafe and all that, like I said, nothing we don’t already know.

https://twitter.com/therationalroot/status/1417928935090925573?s=21

One thing I think sent the ball home for me was when Elon said that Tesla’s bank balance in Euro was giving negative rates, I think that sends a huge message to institutions that have fiat as their bank reserve. Inflation is killing fiat all over the world not just the dollar and the earlier people realize it, the better for them, the shift is inevitable, little drops make an ocean, it starts in bits then at once.

I hope the intent of the discourse was realized and the message was well received by institutional heads and individuals who had the chance to listen. Ofcourse this is only my view of summary of the entire discourse, I might have missed a few details while munching on chicken thighs here. The whole thing was about 1hr long so you guys should check it out, unfortunately I have no link.

Onward fellas 👋🏽Have a chilled evening.

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