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I don't understand why this is controversial. Tesla wants to diversify it's holding and decides to have x% of it's holdings in form of BTC. BTC subsequently go
by Voloskaya 5y ago
I don't understand why this is controversial.
Tesla wants to diversify it's holding and decides to have x% of it's holdings in form of BTC.
BTC subsequently goes up sigfinicantly. Now, Tesla has y% of it's holding in BTC, with y larger than x.
Tesla now sells ~100M$ of BTC, which ballparks looks about right to bring y closer to x.
This is what many individuals and investors do all the time, it's just rebalancing and it's the smart thing to do.
- fukmbas 5y agoBecause fuck billionaires and mega corporations manipulating the markets. We're fucking sick of it