3 ms·
what if they were wrong? they'd both crash the BTC price for everyone, plus stick themselves close to a billion dollar write down (is Bitcoin 'inventory') or ca
by ChainOfFools 5y ago
what if they were wrong? they'd both crash the BTC price for everyone, plus stick themselves close to a billion dollar write down (is Bitcoin 'inventory') or capital loss. I doubt this carefully organized stunt overlooked the importance of ensuring the market pump punchline hit.
that is to say, I don't think tesla had any worries that someone wasn't ready to take the other side of their ask, very likely the round trip was already arranged from the day they agreed to take a billion in BTC onto their balance sheet. if elon can 'prove' the market has liquidity, everyone backing Bitcoin wins big, Tesla included.