The argument for Bitcoin is evolving

The argument for Bitcoin is evolving

Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point.

He sees more companies following Tesla’s example and embracing bitcoin as an investment vehicle as well as a form of payment.

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Dan Nathan, founder of Risk Reversal Advisors, offered his view on the future of bitcoin in an interview with CNBC last week

When asked specifically what the regulators could do to stop corporations from putting bitcoin in their balance sheets as Tesla did, Nathan exclaimed, "They can regulate the hell out of it. That’s what they can do."

Elon Musk could face SEC investigation over Tesla’s Bitcoin buy

A number of people believe that the SEC has a cause for concern, believing that Musk manipulated the BTC price in order to buy cheap coins.
Musk has gotten into trouble with the SEC before - in 2018, the securities regulator charged the Tesla CEO with securities fraud related to a tweet about his electric car company.

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