I like Elon, but I thought that was a stupid decision when he sold. I believe it was around 30K and he sold TSLA bitcoin at that price to help deal with the bad markets at the time.
Someone else told me that Tesla still holds a lot of bitcoin and he didn't sell all of it.
Please mention someone else who was he, haha who cares if Ellon is buying Bitcoin or not, Becasue here for the accumulation on the active wallets just 2 to 3 million Bitcoins are available for accumulation and the rest of the supply is in the cold storage which is likely for the long term holding.
Micro strategy is continuously accumulating Bitcoins and now they own trucks of bucks hehe what a ryhme I've made, and they made Billions.
They always include the name of the guy in discussion if there's something good happening on bitcoin while the fact that the guy is just there so that he can manipulate the market. He's not there to support bitcoin but rather find ways to earn money from his manipulative actions from bitcoin. Also he's out on the scene and he didn't create any other noise since he's into Dogecoin now.
Microstrategy situation is good indication for other institutional investor that if they just believe how strong the bitcoin is then they could earn a lot of money similar to them. We can say that long time patience and trust by this company paid off and they can possibly harvest a lot of money especially if bitcoin would record its another new ATH. There's further more price pump to see nowadays as bitcoin halving still have long days before it take effect.