Howdy,
Just here to talk about Elon Musk a bit....
As we know his company Tesla is about saving the environment with renewable energy and thats great.
That being said Tesla had bought about 1.5 billion USD worth of bitcoin, at that time it would have been around 42-44k of bitcoin.... thats alot.
Which in turned hyped the bitcoin market, and also tesla would except btc payments for there vehicles, thats a pretty big deal....
And it definitely showed as bitcoin had reached 60-64k USD which is amazing.
But the point I want to make is Elon fucked the market after Tesla sold 10% of there bitcoin when it was at that high, Elon didn't sell his personal btc but the company Tesla definitely did, which he is the CEO of lol..still makes a paycheck either way if you look at it.
Reporting record high quarterly after the fact...
Then this smart mother fucker that he is, releases the dumbest statement I have ever heard.
I'm ranting so I'm not going to quote it, and you know what he said if you are reading this.
But along the lines of tesla will not be accepting btc as it is hazardous to the environment due to the amount of energy it takes to mine btc.....
That being said...the guy is smart and should have already knew this for a FACT.
So for the company to dump to prove "liquidity"
Then come out and say hey fuck bitcoin is a fucking sham, considering they hit a record profit in there quarterly because of the 10% they sold.
Sure it proves it maybe, but for me all that hype and hype and hype just to sell and NOT accept btc as payment due to environmental issues in which THEY ALREADY KNEW...just doesn't add up.
Its a good way to show that it can easily be fucked with if your rich enough.
We all know it will go back up
But the fact someone pushed it and pushed it and then pulls that bullshit making the market plummet to almost half of what it was is a pretty dick move.
I know it wasn't just him as people were panicking and selling to avoid losses but still.
Dick move Elon
But what a great con xD
Take care.