Recently there has been twits among Dave Partnoy and Elon Musk regarding bitcoin.
Link to tweet that started a feud.
It is interesting that Elon responded to Dave but when looking at the bottom line of Tesla quarter earnings it was clear the BTC sales help them reach a profitable quarter. Tesla basically had a $101 million in gains from selling a portion of its BTC holding. Once news broke out about this Dave outspoken as he ever was called out Elon for the sale, but Elon defended himself with a response.
TSLA earnings story from The Street - Article Source
The story extends itself today as Dave wrote an open letter for all to see:
Link of Dave's reply to Musk's reply.
Apparently Dave does not want to burn bridges and writes a letter to his supporters that his belief of crypto and BTC is strong and had believed Elon was the same and wishes he will stay transparent with the public on what his holdings in crypto are at all times. Dave signs off with a "Portnoy-Musk" 2024 Presidential ticket phrase likely to try to make amends with Elon. Will it work?
It has yet to be seen if or when Elon may respond back to Dave, but there are hints that Elon too is confirming he has diamond hands for BTC.
Elon's latest response regarding BTC and the fact that he clarified to Dave that his own holding of BTC is still held gives confirmation that both Dave and Elon have diamond hands on BTC. With that and the current cryptocurrency rebound from Sunday night lows it sure looks like BTC and crypto in general is ready for the next leg up.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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!wine and !LUV
Thanks !wine and !LUV
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It’s very difficult to understand the background politics behind all this.
He pumping and dumping an assets is not a new things we have seen this in share markets As well.
But transphobia very important and that what a blockchain and crypto advocate for.
Hope they will clarify everything
In my post I was trying to convey Elon's counter on why Tesla sold the BTCs. His explanation was to test out the liquidity of exchanging BTC into fiat. I now wonder about two weeks ago when there were big sellers if BTC if Elon was partially selling some BTC then? In any case Elon's stance is the test of moving BTC into fiat pass with flying colors and confirming he will likely be a strong diamond hand on BTC now more than ever.
This would be interesting to see and it sure would beat most of the candidates we got last election.
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Your post was promoted by @jfang003
Portnoy is not going to win that one.
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