Please Tell Me Why Elon Is Tanking Bitcoin???
Any theories on why he bought billions of Bitcoin, didn’t sell high, tanked it, and tanked it again? Doge? Environmental concerns? Tax savings? Consolidation? Buying more?
Any theories on why he bought billions of Bitcoin, didn’t sell high, tanked it, and tanked it again? Doge? Environmental concerns? Tax savings? Consolidation? Buying more?
Career Resources
WSO Virtual Bootcamps
Career Advancement Opportunities
November 2026 Investment Banking
Overall Employee Satisfaction
November 2026 Investment Banking
Professional Growth Opportunities
November 2026 Investment Banking
Total Avg Compensation
November 2026 Investment Banking
“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”
Leaderboard
| 1 | 99.2 | |
| 2 | 99.0 | |
| 3 | 99.0 | |
| 4 | 99.0 | |
| 5 | 98.9 | |
| 6 | 98.9 | |
| 7 | 98.9 | |
| 8 | 98.9 | |
| 9 | 98.9 | |
| 10 | 98.8 |
“... I believe it was the single biggest reason why I ended up with an offer...”
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
He isn't tanking Bitcoin.
Two negative tweets, market crashed after each one. Pretty easy to see.
He's crashing this shitcoin with no survivors
I don’t think he’s actively crashing it unless two things are in play.
1) Tesla wants to sell at a loss to use it as a tax write off (which I don’t understand because the loss would huuuge and their cash reserve and profits would take a massive quarterly hit)
2) he wants them to buy more at a lower price (which I’m skeptical about also)
But we’ll see after earnings what their balance sheet looks like.
I think he’s just bringing attention to issues that he feels are big surrounding BTC. I think he’s retarded because most miners use renewable energy and it doesn’t take even close to the amount of energy that charges all those EVs. He’s totally rogue and needs to be put in check, but he has nothing to lose. He’s worth 150 billion.
the tax part only makes sense if he’s 100% sure it’ll go back up, otherwise it’s pushing a loss down the road.
Could be buying more on the cheap I guess
What? The tax part makes no sense.
I think this is fucking hilarious because now all the crypto boiz are realizing that investments can in fact go down
Because he does what he wants? He's tanked his own stock before, so why do you think BTC is somehow magically protected from his comments? If you want to buy something that's immune to an influencer's comments, then I'm pretty sure you can buy an index ETF and forget about it.
Dolorum nemo doloribus officia fugit omnis. Aut sapiente rerum ut voluptatem aut excepturi et corrupti. Quae officiis hic molestiae et animi earum ut. Sed praesentium et rerum nobis dolores deleniti. Error deserunt atque illo molestiae cumque. Quia error facilis tempora inventore sed sint est.
Debitis sunt ducimus aperiam similique assumenda cum laboriosam. Tempora et eos veritatis qui qui et. Laboriosam quod ipsum ut dolorem hic. Commodi hic cumque aut odio reiciendis. Fugiat error in quod perferendis eum tempora.
Cumque laudantium reprehenderit aut ipsam nam rem dolorem. Exercitationem hic labore consequatur rem velit. Pariatur enim et eligendi ea possimus et laborum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...