Quote from: Cloverfield on February 09, 2021, 12:14:59 PM

Just curious what would happen. I hope he’s not taking any money to rocketship other coins/tokens. Overhyped markets tend to shoot up lightning fast and then fall like a house of cards. We’ve seen it in 2017 and it was not sustainable. I hope he just support Bitcoin which will help all alts as well. But he’s proven how much of an influencer he can be. That’s for sure!

I am pretty sure he is putting money from Tesla, so he is not putting any "rocketship" money into bitcoin, he is putting "electric car" money into bitcoin. Which means if tesla profits from this (which they already have if price doesn't fall) they will be capable of building more cars with it, or if it goes on like this they could even build a whole new system somewhere (last was berlin I think) to increase the manufacturing speed.

Long story short this could be very beneficial for them if they want to, of course when they sell (if they sell) the price will definitely be hit a lot harder than you can imagine, this was just the news that made it hype so much, can you imagine how much panic it will cause when tesla says they are fully out of bitcoin and they will not go back in again? Price may drop 20%+ just from the news alone even without taking the actual sale into consideration.