Breaking News! Tesla revealed they sold off 75% of their Bitcoin holdings, close to $1B dollars. Why did Elon Musk do this? What was the incentive?
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0:00 Intro
0:37 Bitcoin Update
1:32 Tesla Earnings call
2:30 TESLA SELLS
3:50 MeetKevin’s Analysis
5:51 Chris Larsen | Ripple
6:58 Michael Saylor Chimes In
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#bitcoin #tesla #elonmusk
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Of course he sold. He really knows whats going on with the impending recession that will bring BTC to under 10K
Elon’s probably in dire need of that billon dollars elsewhere very shortly…
Most likely sold it in otc market that's why there's no price action. We've been seeing the same when institution makes moves its always otc so there's always no price action.
Tesla is not all that either
People do not care about elon musk anymore
Tesla cars are unreliable
When stupid people get lucky
I have been telling you to sell at 24k that the price is going to fall. They didn't sell right now, they sold a while ago at 40-50k. sell everything
BTC is doing great. Don't forget to DCA george!
Ms. Heard "the stripper" is bugging elon for more money! 🤣🤣🤣
He is now showing us how not to do it. I prefer to buy BTC during this fall on Bitfinex and hold.
Likely for accounting and tax purposes.
Market more than one Person…lol
Hes cashing in, which for an idiot is a pretty smart move.
Unless he sold for a loss, which suits the idiot.
Dont forget he/the idiot, MUST pay twitter that exact amount.
I bet this george dude just bought the bottom a month ago
Unsubbed….. I would suggest avoiding George. There is no personal growth here
Elon cares about Tesla and Q2 profit, more so than holding BTC. He had this little cash lever up his sleeve and he pulled it. It gives Tesla fiat cash to get through the lockdowns in China etc.
Tesla can buy more BTC in the future
I don't know why Elon did it, it's his own business. I'm just accumulating Tether again and waiting for a new dip.
The return of Alon 😆
Tbh I'm glad Elons gone. He's a pain in the arse and I don't trust him
7:02 Michael Saylor 's tweet is the most boring tweet… to the point of being stupid and uncreative.
Tesla is hanging on by a thread. He had to sell else Tesla would have reported a negative quarter.
LOL, that's right, what is he doing, well, getting out after this tiny rally last week to claw back as much as possible on that half billion he lost on BTC since last year. Genius. No wonder he couldn't afford the Twitter deal and wimped out of that, so he needs as much real money in hand to pay Twitter for breach of contract anyway, but he didn't have the money; and even less of it now with half a billion lost. But he's got Dogecoin, there's always that, Crypto bros.
I don't like Musk, but we don't know what's behind it. On the one hand, these fraudulent and leveraged companies had to be liquidated to clean up the market. Celsius, voyager, time and other lending platforms stole and gambled away people's money. Musk didn't buy Twitter either because of the many fraudsters. I don't know if Musk is a good or bad person, but he's certainly not stupid.
We have one job, to buy and hold as many bitcoins as possible. Do not sell or trade it. Time will decide the rest. The problem with cryptography is that it's all about becoming a millionaire in a week.
Of course he sold. He knows with rising inflation he will be buying back lower very soon.
3:08 Boost cash lol, so make TSLA keep its overvalued price high haha.