Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on August 08, 2022, 07:00:29 PM

Title: Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin
Post by: newshunter on August 08, 2022, 07:00:29 PM

Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin

The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again.

Source: Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin (https://cointelegraph.com/news/elon-musk-us-past-peak-inflation-after-tesla-sells-90-of-bitcoin)

Would appreciate your opinion about this

Title: Re: Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin
Post by: Senin on August 09, 2022, 04:08:11 AM

The thread title sounds like there is a correlation between the US inflation peak and Tesla selling 90 percent of its bitcoins (previously reported 75 percent). However, there is no such relationship. I was a little surprised by the fact that in the end, Tesla even has a profit of $ 64 million from the purchase and subsequent sale of bitcoins. Their recent sale in the second quarter of this year was, in my opinion, unwise. Now Elon Musk himself confirms that after the peak of inflation is passed, the cryptocurrency market should grow.