Quote from: tyz on April 27, 2021, 06:49:06 PM

Quote from: Bravehash on April 27, 2021, 06:45:12 PM

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!

In my opinion, this is understandable. Any institutional investors invest their money in cryptocurrency not out of love for it, but for the sake of making a profit. Therefore, they will sell it at any time if, based on market movements, they deem it necessary to maintain or increase their profits. At first I thought that even though Elon Musk was doing it out of interest in cryptocurrency or sports pleasure, however, judging by his recent actions, he is the same as other businessmen. Moreover, his actions are even in many respects contradictory and illogical.