I think Elon Musk influence, especially on bitcoin has reduced. Even, if he sell his worth of billion dollar bitcoin, the market may fall fall, but it will get back to normal.
His propaganda when Tesla stopped accepting bitcoin as a legal tender (and later accepted doge to dump bitcoin) made bitcoin price to fall from over $60000 to around $45000 or $46000. Can there be any worse than that?
Even it wasn't long after Elon Musk propaganda that China finally ban bitcoin and bitcoin mining that made bitcoin price to drop from around $45000 to $30000. But, yet, another bull run started that skyrocketed bitcoin price to all-time-high of almost $70000.
So, yet bitcoin is still bitcoin. Bitcoin price does not depend on a single man, especially, not Elon Musk.
Topic: What would happen if Tesla decided to sell its Bitcoin? - page 4. (Read 286 times)
We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.
Source: https://www.bbc.com/news/business-61255092
What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.
Quote
Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.
Source: https://www.bbc.com/news/business-61255092
What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?
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