My model of Musk insists he can't actually believe it's a good technology (there are so many coins that deserve it more) and he's doing it to endear himself to bitcoin holders, sell like 30,000 cars (including upcoming luxury ones with thrusters on them, and flying ones (yes, battery energy density is reaching the point where they're going to start doing that)), and also massively boost his technical clout.
So, model predicts that we'll see Tesla diversify their crypto holdings to reduce their BTC position at some point. Probably they have a guy on this full time. Probably around the time when common remission apps, BTC's main legitimate users, ubiquitize support for coins with lower fees. He would be exactly the right person with the means (tech clout) and the motive (environmentalism) to mildly but significantly accelerate the transition to more efficient coins.
Yeah he sort of has to stay on Ark Invest's good side. It would occur to him to lie. So idk.
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