Post
Topic
Board Bitcoin Discussion
Re: Tesla and market manipulation crime
by
vennali
on 03/05/2021, 20:59:37 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?
It sure does sound like it but there are a lot of companies that do similar "investments" that are made public which in itself isnt a fraud. Neither is cashing out when ATH and that didnt really dump the price either, so you cant really call it a dump. A strong case could have been made if the BTC price collapsed right when they sold BTC. I however do think Elon Musk is responsible for manipulating Doge and he should be held accountable for it.