"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock." That's the attitude with which Elon Musk has thrown his recent poll to his followers on twitter.
The man has a ton of money, influence and a hell of a brain, what is he up to with this move though?
So far, and we're probably less than 30 minutes away before the poll ends, 57.8% of the ones voting, myself included, have chosen a big YES, the ones choosing a clear NO are probably stock holders. Musk says he's gonna listen to the voice of the people, thus I see no reason why he wouldn't dump 10% of his Tesla stock tomorrow.
Tesla is no longer just a car manufacturer and Elon is no longer a young entrepreneur who likes to show off whit his McLaren F1, thus I was thinking, what if he actually buys Bitcoin with all that cash?
He might do that, or he might get into some dog meme coin although he doesn't seem to be that dumb of risking that much money. If he choses to do what he's promised on twitter and spend all that money on Bitcoin, then that's the catalyst for Bitcoin hitting $100,000 in probably a few days.
A cascade of FOMO will follow his buying orders and pure madness shall be unleashed. He's not saying yet what he's going to do with all that cash, it's clearly a sign of non compliance and rebellion against the US government's latest absurdity of taxing unrealized gains.
To be honest, if something like that will pass whatever chambers need to approve such bills, then it's another proof of governments not giving a damn about the citizens and being in a direct war with them and their personal wealth. Bunkers starting to make more and more sense now...
What you guys think, is he going to buy Bitcoin with the cash he's getting by selling 10% of his stock? The stock is already down and he might be putting even more pressure on it if he sells his 10%.
Thanks for attention,
Adrian
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Bitcoin will hit $100 000 without his money and he is just a circus act trying to be relevant in the media. I have no clue why people still look up to him the way they do as we saw what he did with his tweets earlier in the year.
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He has a lot of money and people love offering their attention to rich folks.
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Whichever route he takes he has to sell some.
Buying BTC will make him wealthier.
In that case everyone may benefit from
this incoming cascade.
Even BTC is already assuming a charge is near.
!BEER
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BEER.Not sure he will buy bitcoin or any other meme coin
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We'll see.
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Well, elon is a person who loves money, so he will always go after it, so if tesla's stock goes down but buying bitcoin can generate a lot of profit, then we will have a man with a lot of money.
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