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RE: Why did Elon Musk sell Tesla's Bitcoin at a loss?

in LeoFinance2 years ago

Probably better to keep your assets in USD than in crypto with the macro conditions we are seeing today. USD is going up only against all other currencies so maybe it is some sort of plan along those lines.

I also think when Tesla goes back into crypto BTC won't be their first pick. Elon is a bit too excited about Doge so it would come as no surprise if they add some Dogecoin to the balance sheet once the world settles down a bit.

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Haha, I've always said to do as Elon does, not what Elon says and buy Bitcoin over Dogecoin.

You can seriously see Elon actually putting DOGE on Tesla's balance sheet, can you?!

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At this point, it is bound to happen.

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Whether he buys more BTC in the future or not, he will stack DOGE. I expect BTC to come back into the picture later this year, when it's more convenient.

If he really wants to cause waves, He can buy Litecoin (LTC), and in quantities exceeding 21M LTC. Let's see how the markets react if that ever happens.

Could he buy HIVE? He could, but that's expecting too much.

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Could he buy HIVE? He could, but that's expecting too much.

If Elon truly wants to decentralise Twitter, then he should invest in and build on top of Hive.

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