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Is Elon Musk signaling move into gold? What Tesla’s filings reveal – Alex Mashinsky
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Is Elon Musk signaling move into gold? What Tesla’s filings reveal – Alex Mashinsky

February 10th, 2021 Kitco News comments

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Tesla has actually mentioned in its most recent yearly report that the company has upgraded its investment plan to currently include bitcoin, gold, as well as "other properties" as possible financial investments.

While this action may relocate the price of Bitcoin, it would certainly have restricted direct impact on gold prices, claimed Alex Mashinsky, CEO of Celsius Network.

0:00 – Tesla as well as gold
9:13 – Bitcoin to spend for Tesla autos
15:41- Market impact from Tesla's investment policy
17:55 – Bitcoin price projection
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Is Elon Musk signaling move into gold? What Tesla’s filings reveal – Alex Mashinsky

Tesla has stated in its latest annual report that the company has updated its investment policy to now include bitcoin, gold, and “other assets” as possible investments.

While this move may move the price of Bitcoin, it would have limited direct effect on gold prices, said Alex Mashinsky, CEO of Celsius Network.

0:00 - Tesla and gold
9:13 - Bitcoin to pay for Tesla cars
15:41- Market impact from Tesla's investment policy
17:55 - Bitcoin price forecast
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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