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Probably Elon Musk has friends who own Bitcoin, and now they can exit at a high price. I'd be surprised if this turns out to be more than a celebrity endorseme
by fxtentacle 6y ago
Probably Elon Musk has friends who own Bitcoin, and now they can exit at a high price.
I'd be surprised if this turns out to be more than a celebrity endorsement pump and dump.
- acapybara 6y agoI like this realist, skeptical, Machiavellian perspective. Is it a money game, or is there something more to it? https://bitcointreasuries.org/ https://bitcointreasuries.org/ is a site I use to try to determine if this is a legitimate trend or not. At $1.5B, Tesla's initial position is 1.31x the original position of MicroStrategy, which was the previous largest position for a public company. Granted, MicroStrategy's position has since appreciated to about $3B, so Tesla is about half that in terms of current market value. It seems Tesla's position is serious, not just a token. But I suggest everyone try to look at the data and make up their own mind.