Post
Topic
Board Economics
Re: What would happen if Tesla decided to sell its Bitcoin?
by
Doan9269
on 07/05/2022, 14:01:49 UTC
What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

I think this is just because of the name and reputation he had makes it to add sauce to the media interest on what may be the outcome if he sell out his bitcoin, obviously I don't think there will be any much impact in general, we have other whales buying and selling but i think there must be something more bigger than this in other to make any muse on bitcoin price.

quote author=aprilnot link=topic=5397679.msg60069274#msg60069274 date=1651927893]
for the short term there will be a big dump. but no long term impact.[/quote]

I don't even believe there might be any tangible difference or impact to whether cause a dump or pump in bitcoin price, why is because haven consider Tesla isn't the only bitcoin whale we have and there has always been a pump in bitcoin whenever a mining reward is giving in half, not only the release of bitcoin by hodlers can make the market shift, we have many wallet account noticed to have huge amount worth of bitcoin but yet their effect isn't felt on the prize speculation.