Post
Topic
Board Bitcoin Discussion
Re: Tesla make 1 billion profits from it Bitcoin holding
by
passwordnow
on 15/10/2021, 15:12:04 UTC
As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin
Good for them that they've got profit already and it's all on them if they'll dump those soon and take their profits to fund some other project which they usually do. But since they haven't sold it and this is like a paper profit, if the market starts to drop and it's a huge drop/correction that we see, we will have a guess that it's going to be Tesla has been dropping their bombs to the market and started to take huge profit from the actual capital that they've got.