Today I’m going to weave together three seemingly unrelated stories from the past week to highlight a trend that I believe we are largely overlooking. Ready? First, Tesla’s Q1 earnings release revealed that the company sold $272 million worth of its bitcoin (BTC, +3.54%) holdings in the first quarter. According to its CEO, Elon Musk, it did so to test the market’s liquidity. The $101 million it added to the company’s quarterly profit didn’t hurt, either. Second, crypto lender Genesis Trading (a subsidiary of DCG, which is also the parent of CoinDesk) published its Q1 2021 report, which showed that the amount of loans ... (full story)