- Tesla’s $1.5-billion bitcoin purchase sets it up to be a BTC bank.
- Tesla has avoided adding a finance arm to lend customers money to buy cars.
- But Tesla could now become a bitcoin banking hub.
About 10 years ago, I joined a conference call with Elon Musk to talk about a new leasing program for Tesla’s Model S sedan, which was then relatively new to the market. I asked the CEO when he thought the automaker might start its own bank.