from Hacker News

Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

by mzarate06 on 5/16/21, 9:03 PM with 36 comments

• by rvz on 5/16/21, 10:43 PM

  Once again, they are not interested in hodling in the first place as I have said weeks ago. [0] They are interested in making money and Elon and Tesla know that they are able to move the crypto markets.

  If they have already sold it, well that is the 'dump' + negative coverage / spin on BTC to pressurise the price to fall further. Now the poor HODLers at >$60K will have to wait a while until the next run up to the all time high.

  One more thing in this crypto-currency episode, 'What goes up, musk go down.'

  [0] https://news.ycombinator.com/item?id=27086093

• by ub99 on 5/16/21, 10:16 PM

  It’s astonishing how a single individual can affect (manipulate) the value of an entire monetary ecosystem via a series of Tweets. What’s the advantage of Bitcoin being - allegedly - so independent from governments and other centralized powers then?

• by jacobmischka on 5/16/21, 10:30 PM

  I believe Bitcoin is a scam and Musk is mostly just a rich memer with high aspirations, but this seems like a bit of a stretch based on a single word in a single tweet.

• by neillyons on 5/16/21, 10:59 PM

  I guess insider trading doesn't apply to Bitcoin?

• by adflux on 5/16/21, 10:36 PM

  What an utter pillock has this guy become. Guess Tesla stock is going to get hammered again tomorrow, as Musk = Tesla in the view of the consumer