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It says right there that they are holding onto their bitcoin assets. Assuming that's true, there's no way this is a pump and dump, because there was no dump.
by mumblemumble 5y ago
It says right there that they are holding onto their bitcoin assets. Assuming that's true, there's no way this is a pump and dump, because there was no dump.
- deleted 5y ago[deleted]
- birdyrooster 5y agoOkay well then maybe not. I don’t imagine Elon would hurt TSLA to get a discount on BTC
- cko 5y agoYou can borrow against it, and that wouldn't be a taxable event. Not sure what % of your portfolio lenders allow though.
- mumblemumble 5y agoIt's not really about taxable events so much as possessing a financial interest. Using it as collateral doesn't get it off your balance sheet, nor does it negate the influence of any price swings. If anything, it intensifies them, since a downward swing (say, in response to a tweet saying you're no longer three rocket emoji Bitcoin, only two rocket emoji Bitcoin) might trigger a margin call.