Post
Topic
Board Economics
Re: What would happen if Tesla decided to sell its Bitcoin?
by
kaya11
on 08/05/2022, 12:57:37 UTC
We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Quote
Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

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

It will definitely impact the crypto market all in all. He's got some influence we know that already and just a tweet from him of a certain coin will moon it by any chance. I don't for how long, maybe until there will be positive news to Bitcoin and will spark a new Bull.