Elon Musk statement on his Bitcoin holding

[hazenyc]

Question:  Whose head would roll at Tesla if Bitcoin were to surge immediately after the bitcoin were sold?  

Answer: No one's because no-one at Tesla does anything without Elon Musk's authorisation.  It's his company after-all.


Saying Tesla chose to sell bitcoin is like saying the dog ate the homework which is a poor level of responsibility for Musk to take.

This is the correct interpretation of the circumstances but keep in mind there is a difference between Tesla the legal entity and Musk the private individual. It is very important to make this distinction when it comes to public communication. He knows that we know, but it's still important to stick to a certain set of rules in the external presentation. There is no way around that.

He has to act that way as he is already clashing with the SEC on many fronts. Now you may ask what's the issue if he said he decided it. Maybe there is no issue, just play it safe to not get things confused. I would do it the same way. That is why he immediately publicly added he personally did not sell any Bitcoin, and I believe that that is true. He has a huge bag I am sure about that as hell.

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[Reatim]

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

Actually we can't do anything about this issue if Tesla/Elon will sell their Bitcoin or not because none of us can hinder crypto owners action.
But what we have concern here is that the effect in the community specially from those weak investors and those manipulator, surely they will take this opportunity to turn the table into their position and the suffering public will once more crying in the end.
and Also Elon can admit or deny everything as long as here wanted because we are only here to speculate and wait for the result.

[Twinkledoe]

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

Actually we can't do anything about this issue if Tesla/Elon will sell their Bitcoin or not because none of us can hinder crypto owners action.
But what we have concern here is that the effect in the community specially from those weak investors and those manipulator, surely they will take this opportunity to turn the table into their position and the suffering public will once more crying in the end.
and Also Elon can admit or deny everything as long as here wanted because we are only here to speculate and wait for the result.

In short, let them do what they want with their holdings. After all, it is their assets. Even us, ordinary crypto users, we act according to what is advantage for us. The difference is that they have big influence in the market, whatever they say to the public, the public is usually taking it seriously. So if Elon just keep mum about the liquidation of 10% of Tesla's bitcoin, how are we going to know it, right? So just mind our own business and plan what would be best for our funds.

[MAK400]

Elon musk tweeted already stated that he didn't sell his bitcoin at all and he would hold bitcoin for longer periods but who knows his privacy.

[bryant.coleman]

Take note:

1. Elon Musk probably haven't sold some of his bitcoin (based on his claim).
2. Tesla, as in the company, has sold some of their bitcoin holdings.

These are 2 very different things.

If that is the case, then I have another question. Elon Musk once claimed that he owns only 0.25 BTC, which he received as a gift from his friend. Has his holdings increased recently, or is he still owning just 0.25 BTC? It looks like Musk doesn't own any significant quantities of Bitcoin, so the topic of him selling his coins never arise in the first place. And also, as far as I understand, Elon is not required to reveal his individual holdings of cryptocurrency. He may need to mention about it in his income tax return, but then those returns are confidential.

[Sled]

Take note:

1. Elon Musk probably haven't sold some of his bitcoin (based on his claim).
2. Tesla, as in the company, has sold some of their bitcoin holdings.

These are 2 very different things.

If that is the case, then I have another question. Elon Musk once claimed that he owns only 0.25 BTC, which he received as a gift from his friend. Has his holdings increased recently, or is he still owning just 0.25 BTC? It looks like Musk doesn't own any significant quantities of Bitcoin, so the topic of him selling his coins never arise in the first place. And also, as far as I understand, Elon is not required to reveal his individual holdings of cryptocurrency. He may need to mention about it in his income tax return, but then those returns are confidential.

He never tells us for sure nor to share it with the Tesla stakeholders. And in the first place, we don't have the right to urge him to speak about how much he owns and the profit. Because if that he says he owes nothing, nobody could believe as we are assuming that he holds a lot of Bitcoin more than the amount that Tesla company had.
It is just like he is playing some trick on us and make people being curious about what he does and what he could do in the future. Because even me, I don't tell anyone, it needs privacy instead.

[Republikcoin.com]

It is just like he is playing some trick on us and make people being curious about what he does and what he could do in the future. Because even me, I don't tell anyone, it needs privacy instead.

All the impacts of what he did in cryptocurrency in the past, can also be used as a reference for him to test how strong his influence is on the world of cryptocurrency. He can measure his power to control the world of cryptocurrency, because we understand very well that no one knows the amount of digital assets of a person who owns cryptocurrency. This advantage can be used by Elon Musk to maintain the rate of Bitcoin so that he can still sell it at a higher value.

In terms of income and total assets, I think it is the privacy of everyone who does not need to be shared with the public.

[elisabetheva]

All the impacts of what he did in cryptocurrency in the past, can also be used as a reference for him to test how strong his influence is on the world of cryptocurrency. He can measure his power to control the world of cryptocurrency, because we understand very well that no one knows the amount of digital assets of a person who owns cryptocurrency. This advantage can be used by Elon Musk to maintain the rate of Bitcoin so that he can still sell it at a higher value.

In terms of income and total assets, I think it is the privacy of everyone who does not need to be shared with the public.

With the strength he has, namely his many followers on social media, @elonmusk always tries to be able to influence with his tweets with the clear assumption that he can do what he wants, so that what his target can be achieved and we don't know that. I think it is true that the colleague said above that @elonmusk is trying to find out how strong its influence is on crypto. although indeed people also know with the tesla company he bought a number of bitcoins for investment.

yes, with people believing that he has held a portion of bitcoin, of course what he is doing is being able to make what is expected to be achieved at least his bitcoin investment can still be very profitable, obviously for other large companies also want to compete to be able to store bitcoin. such as news that Alibaba also intends to invest in bitcoin.

[imstillthebest]

why does elon musk say that, it looks like elon musk doesn't want to lose his profit in bitcoin. i think elon musk has a secret in his statement, so i don't think too much trust statement like that keep doing the best and according to your own ability

he replied to the guy that tagged him  but his reply is also for the people that spread lies .
 do you read the tweet ? its not elons btc that but it was the teslas btc that they sold and they sold not because of profit but it was for a reason . elon musk have his personal btc investment and he dont differ to us . we all invest in btc because we want to earn and not invest to loose .
 i believe in elon musk but it was up to you guys if you will do the same  .

[DarkDays]

why does elon musk say that, it looks like elon musk doesn't want to lose his profit in bitcoin. i think elon musk has a secret in his statement, so i don't think too much trust statement like that keep doing the best and according to your own ability

he replied to the guy that tagged him  but his reply is also for the people that spread lies .
 do you read the tweet ? its not elons btc that but it was the teslas btc that they sold and they sold not because of profit but it was for a reason . elon musk have his personal btc investment and he dont differ to us . we all invest in btc because we want to earn and not invest to loose .
 i believe in elon musk but it was up to you guys if you will do the same  .

I get your point, but unlike many of us Elon Musk is not struggling for money. He's an investor of a huge scale and to him investment into an early stage endeavour which can give him phenomenal return isn't much to him.

Let's not forget that everyone has their 'skin in the game' and they'll act in whichever way to protect their future gain.