There have been numerous allegations that Elon Musk sold bitcoin to prove liquidity, and this led to the sale of 10% of Tesla's assets.
But Elon Musk denied the claim, saying that he had not sold any of his bitcoins, and that Tesla had sold some of its bitcoins in the first three months of the year & earning $ 272 million.
The news shows that Elon Musk and Tesla have chosen a large amount of bitcoin as their capital, and by accepting bitcoin for their own transactions, they are launching a bitcoin revolution.
Source:
https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-muskMind stop patronizing this Clown? don't you think that He is successfully trolling the whole crypto community because we are objective in giving a damn in everything he says?
Blocked the account and forget about listening to what he says, crypto will grow even without Joker in our side.
Well that is how it works first we have McAfee to pump crypto back in his days now we have Elon Musk to control the crowd.
It is how it works for so long people or investors are listening to some influential person to follow whatever they say.
That is how pump and dump group has been operating and how other are gaining profit.
Works until it doesn't
MUSK is full of shit, last week he said "My cars that crash were NOT on auto-pilot", this week he say's He sold $100M, but he made $272M profit, so he obviously sold much more than his lies.
MUSK now knows the MSM has his back, no matter the lie, it will be supported by MSM (CIA)
There have been numerous allegations that Elon Musk sold bitcoin to prove liquidity, and this led to the sale of 10% of Tesla's assets.
But Elon Musk denied the claim, saying that he had not sold any of his bitcoins, and that Tesla had sold some of its bitcoins in the first three months of the year & earning $ 272 million.
The news shows that Elon Musk and Tesla have chosen a large amount of bitcoin as their capital, and by accepting bitcoin for their own transactions, they are launching a bitcoin revolution.
Source:
https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-muskIt seems that Elon musk holding some BTC for his personal asserts too and his company Tesla also invested in BTC.
These two things are different. If Bill Gates buy BTC, we won't say Microsoft has bought BTC. It is his personal investment not investment by his company.
But yes Elon musk did use his position and popularity to manipulate the market price. Dige coin is classic example how people are influenced by celebrities in their buying decisions.
Bill Gates retired from MS a decade ago, MUSK is an active CEO
TSLA was dying, MUSK took out a $1.5B COVID ( cheap money loan ) and bought BTC cheap ($42k) prior to the ATH at $64k, at ATH he sold and covered the costs on his loan, and tossed the $272M profit on his balance sheet to keep TSLA looking good to the analysts.
GM did this for years GMAC was making 15% ROI on credit-cards with their capital, GM was making 4% ROI on the auto manufacturing biz.
MUSK is now in the same realm, he's not in the EV biz ( except for free 100's of billions of tax scams ), he's in the financialization biz, borrowing cheap money, and gambling.
Same as Delorean 30+ years ago, spent $100's of millions on COCAINE to keep his company 'profitable'
...
Musk came out of PAYPAL, Musk is 'money laundering operation' for god knows who, rocket-ships & auto's an flame-throwers, its the stuff that keeps children up at night.
[moderator's note: consecutive posts merged]