Quote from: retreat on November 04, 2021, 01:56:44 PM

Quote from: BIN-BIN on October 14, 2021, 01:42:11 PM

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

Apart from profiting from the increase in their share price, Tesla also benefits from the increase in the value of the bitcoins they hold. I want to speculate, Tesla definitely won't sell their bitcoins, I believe their target price is above $100k/BTC.

There is no two side profit in Bitcoin, you can only profit from the price/value of bitcoin but the volume remains the same. If you hold one bitcoin and price at 60k the price may increase to 70k but you maintain your one bitcoin it will not increase more than that.