Quote from: kaya11 on Today at 12:57:37 PM

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

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.

Of course, if the bitcoins he owns are sold, there will be a decrease in price, the more he sells, the more the price will fall again, but it is only temporary, because he is not the main holder, he just has a large number of bitcoins. it's the same thing if he buys an altcoin and generates fomo then more people will be interested, because with the power of his money he can move the market. on the other hand he has influence on cryptocurrencies