Tesla’s main business is in solar energy. This consists of solar roofs, panels, power-walls, utilities & much more
This energy can be monetized with a particular use case including $BTC. @CathieDWood explains this concept further below:
This means that excess clean energy from @Tesla products can be monetized through $BTC mining that would otherwise be put to no use.
@Tesla may help form the “green” $BTC narrative that’s so attractive to investors, all while incentivizing solar energy
(Tradable renewables?)
It is a little known fact that @Tesla actually makes a solid amount of money from selling regulatory credits they earn from the selling of zero emission vehicles
Even more significantly, when near ATH, @Tesla was in more profit from $BTC than an entire year of selling cars...
But how exactly would all of these new miners within the network ensure of 100% uptime in the distributed web of energy markets?
With the combination of satellites (like Elon Musk’s 47,000 from StarLink and SpaceX), we can expect connections in even the most destitute of areas!
The other outside implications of this should not go understated. I could write entire threads on this topic, but I will keep it to the point for simplicity
Let’s first get a basic understanding of renewable energy and how it can be applied to #bitcoin
It is important to understand that renewables are not exactly new to blockchain
In fact, 39% of Bitcoin miners were reported to use renewables to mine their $BTC
But it is their unique particular synergy that may in fact be a revolutionary advancement to the entire world.
#Bitcoin has inherent mechanisms to incentivize location independent energy sources & connect them to the grid where it had previously not been possible
It is quite literally the only profitable use of energy that does not need to be connected to a human society in the world
With the energy market there are never issues in terms of scarcity, it is rather an issue of how to channel that energy geographically
Integrating #bitcoin can serve as a universal “buyer of last resort” for the entire energy market
This is already being seen in cases...
As El Salvador literally built a $BTC mining ecosystem from a volcano in little to no time
Anywhere with a running source of water could monetize their isolated energy sources by using it to mine $BTC
TLDR; it argues that an implementation of $BTC to the grid would effectively bring in more revenue with energy that is otherwise wasted for pennies on the dollar, incentivize renewable energy, and help overall energy provision across the grid.
More key points 👇🏻
Now do you notice that this is exactly what @Tesla says they are trying to do with their virtual power plant...?
It is becoming very clear that they are using blockchain tech, specifically at an aim to help better provision energy on the market with Virtual Power plants 🤔
I don’t think it’s a coincidence that @jack and @elonmusk are so well interconnected, especially when it comes of $BTC
We have reason to believe that @Tesla may be about to make a move on $BTC in a big way
Just take it from @CathieDWood’s Ark Invest herself:
A key factor limiting the growth of renewables is production cost. Can you imagine a world that is profitable, sustainable, and energy abundant across the globe?
This can change the entire narrative that #bitcoin is bad for the environment, & it makes complete sense for @Tesla
The environmental problems of $BTC is not something new, but it is quickly becoming a big issue for some investors
Many large corporations and institutions now apply a standard known as “ESG” when making investments
This refers to concepts of:
-Environment
-Social
-Governance
What the powerful individuals working at the Bitcoin Clean Energy Initiative are doing is effectively creating the grounds for institutional adoption
Not only will it change the perspective of $BTC as the general society knows it, but it will empower entire new economies to form
Solar energy and #bitcoin will give millions of people access to a decentralized distributed grid & banking services
These moves will pave the way for many more institutions to adopt a Bitcoin mining strategy as part of their business model
I think this is incredible. Enjoy! 🥐
>two grammatical errors after reading it over 100 times
• • •
Missing some Tweet in this thread? You can try to
force a refresh
@elonmusk has had a big impact on crypto recently, & because some of his actions have been a bit unconventional, I was inspired to dig in a little deeper to find out what exactly his “end game” is
& what I’ve found does not disappoint.
I’ll compile all of the info below 👇🏻🥐
This story begins a short time ago after Elon made the now-infamous tweet that Tesla will accept $BTC
$BTC rallied from this news, only for the hype to be cut short by complete reversal in policy from Tesla
Tesla will NOT accept $BTC for payments, citing environmental concerns
This action led many to wonder why, just a mere few weeks after his company invested over $1B into $BTC, would he blatantly speak negatively about it?
Surely he has a reason to do so, right?
Well after taking a look at some hints left in his tweets, that appears to be the case
With the “meme coin” hype blowing up I thought it’d be nice to have a bit of a refresher, & go over some of the cool projects with real use cases that are ACTUALLY being built on $ETH
All of these projects are breaking into trillion dollar industries...
I’ll post an in-depth thread to fully illustrate my thoughts on $ETH & it’s future soon, but for now I’d like to point at a few resources I believe are a MUST SEE to fully grasp the bigger picture
If you have 2 hours of free time & want to take the redpill, these are for you...
A few days ago I wrote a thread covering the absolutely astonishing numbers of the $ETH network, and offered some insight as for what is yet to come.
I cover 24 key principles in detail which make $ETH unique to anything we’ve ever seen before in the financial industry