sdtslafan
Member
I really hope if bitcoin gets close to where Tesla bought it they get out. Tesla buying bitcoin is one thing. And the heat came off when it was apparent they had gotten some pretty decent gains. But bitcoin is down 20% this week. Eth down 30%. If it drops below their purchase price and they haven’t sold the criticism will get intense.
Who knows, maybe they sold already. I'm sure Elon was getting some flack from China about the decision to buy bitcoin. When it went up to 58K, there should have been some incentive to just sell and realize a profit of roughly 1B dollars which would make Q1 look great. Hopefully that's what they did IMO. That could have catalyzed the rapid drop below 50k.