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If 10000 people buy bitcoin at 60k per coin as an investment and later have to sell at 10k per coin to make ends meet, I somehow doubt that the guy that pockete
by tharkun__ 5y ago
If 10000 people buy bitcoin at 60k per coin as an investment and later have to sell at 10k per coin to make ends meet, I somehow doubt that the guy that pocketed the difference will contribute to inflation as much as the 10000 guys trying to put up a meal for tomorrow.
It feels like saying Elon Musk will make make your next stop at the grocer's more expensive, because selling his 10% of shares for $20 billion will contribute to inflation because of all the stuff he's gonna buy with that money.
- GoOnThenDoTell 5y agoUnlike most billionaires, we have a fair idea of what he’s going to buy with it: more employee wages in companies like SpaceX I wonder about the price of real estate in Brownsville though
- jjeaff 5y agoI don't think Elon has actually spent or loaned any of his own money to Tesla or space x. Maybe in the very early days, but not now.