Quote from: Nivia1st on Today at 11:58:08 AM

Quote from: Husires on May 07, 2022, 12:28:50 PM

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

the market crashes and dumps for a long time. without Elon selling all his bitcoins the market is already in a bad state. and if he decided to sell it, things would get worse. it is possible that bitcoin will fall below 30k, and that will render the altcoin worthless. there will be a lot of terrible things happen if they come true.

The price of bitcoin is down he won't consider that now and if he do only fear can cause other hodlers to sell there coins if musk decide to sell for needing money to buy twitter. Now I think that he is trying to have a plan with binance CEO to set up money for the purpose and purchase of twitter. If this succeed to happen he don't have to sell his bitcoin and the price is low, selling is not profit for him.