Re: Tesla make 1 billion profits from it Bitcoin holding
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.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
If you really want to, you can always stay afraid that this or that will sell. Nobody stops you from that.
But would it make sense economically to sell now if they don't really need that money? I don't think so. Not yet.
Well, if you turned the table round, I think you'll see it as a profit either way. If they choose to sell, they'll make out their cash and wait for the next bearish season so they'll increase what they bag. That's a profit, except that they said they won't be selling any of their holdings which we cannot vouch for. 
I would indeed see it as profit. But such a big company probably has people with more experience in handling values and they will stay real.
And, as I said, I think that they will not rush to sell if they don't have to, in the same way the banks don't sell and re-buy their gold based on market moves.