Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: TomPluz on April 27, 2021, 07:37:54 AM
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With the current retracing done by Bitcoin, many are speculating that Elon Musk can be one of the many reasons why we are seeing the dump of the coin. According to them, Elon must have made a good profit because he sold his BTC at the height of its price and then rebought the same when there is a big dip.
Now, to answer the question, Elon Musk is saying that he has not sold his Bitcoin and he is HODLING for a long time which is an affirmation of his continuing belief on Bitcoin - and maybe Dogecoin as well.
No, he is not selling. Period.
"Tesla may have realized some of its Bitcoin profits, but CEO Elon Musk continues to hodl. Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys.
Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin pump and dump engineered through his public statements supporting the cryptocurrency.
Rejecting Portnoy’s assertion, Musk stated that “Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet,” adding: “I have not sold any of my Bitcoin.”
Source: https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk
Do you think Elon Musk is telling us the truth, the whole truth and nothing but the truth?
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It is good that he is optimistic about Bitcoin, as this provides support for cryptocurrencies and fuels interest in cryptocurrencies from those who know about Elon Musk. In fact, thanks to him, we saw such a huge increase in prices for all coins this year.