If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
Elon said that the remaining bitcoin purchases of Tesla was for long-term holding. And, let's not forget that Elon already sold in the past, so if they were to sell again, I'd guess that the market effect wouldn't be too drastic.