Post
Topic
Board Bitcoin Discussion
Re: Tesla and market manipulation crime
by
777Jolami
on 03/05/2021, 16:13:58 UTC
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?
This cannot be evidence to accuse Tesla - Elon is manipulating the market.  with 1.5 billion compared to bitcoin's current market cap of approximately 1075 billion?  I don't think they are qualified to do that.  Although, they are pioneers in the process of driving incentives for institutional investors around the world.  Even if they had enough bonds, I thought this possibility would still be unlikely in such an easy direction.