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So this is legal and ok to do: - You buy a lot of bitcoin personally. - Then as a CEO you make your company invest in bitcoin. Make it news. Prices go up. -
by PunchTornado 6y ago
So this is legal and ok to do:
- You buy a lot of bitcoin personally.
- Then as a CEO you make your company invest in bitcoin. Make it news. Prices go up.
- You've made a lot of money for yourself.
- Frost1x 6y agoSounds like business as usual, other than it being bitcoin.
- simonebrunozzi 6y agoI don't think that Elon Musk bought bitcoin personally, but of course I could have missed it. Do you have a source for this claim?
- Clewza313 6y agoI suspect the previous poster was referring to MSTR, whose CEO appears to have done just that.
- 0xmohit 6y agoThis is what analysts and institutional investors appearing on TV have been doing.
- alexmingoia 6y agoThat’s also how stock buybacks work, and stocks in general.
- xiphias2 6y agoBitcoin is notca security, so at least SEC has nothing to say about it.