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April 30, 2024
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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.
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