SpaceX Holds $1.5 Billion in Bitcoin. Does That Make the Coin a Buy?
When demand from these wealthy buyers is paired with Bitcoin's halving schedule, which will cut mining rewards again in 2028, the supply picture is bullish for holders with patience. For investors with a multiyear horizon, that combination is compelling, and it's a big part of the reason Bitcoin is worth buying, whether or not SpaceX owns any.
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Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
SpaceX Holds $1.5 Billion in Bitcoin. Does That Make the Coin a Buy? was originally published by The Motley Fool
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