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.
I don't know if you know that but he is not buying Twitter all by himself as he got on board other investors as well like Binance, Saudi Prince etc that will invest more than 7 billion dollars so yeah, I wouldn't worry about him financing the deal.
What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?
Price would obviously go down for some time, many people would get a chance to buy bitcoin at discount and eventually it would go up, as always. I honestly don't think that he will get rid off bitcoin, especially not at this price level, and he knows that selling bitcoin would affect his favorite altcoin as well.
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.
Maybe that was the case year ago, but he doesn't have so much power anymore. Unless we are talking about some obscure shitcoin with low mcap that is very easy to manipulate.