Is Elon going to sell his BTCs?

[nurilham]

Only Elon can answer this. We cannot answer it accurately. We even don't know if Elon is still holding BTC. How if Elon already sold all their BTC before he spread FUDs. In my opinion, this question is better to ask to Elon directly on their social media, especially on his tweeter. He never posted in this forum, so for me creating this question in this forum will be useless.

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[Silberman]

Fortunately (or not), Elon Musk is a game changer but it's clear that people are completely done with his tweets and the way he literally manipulates the market.

Basically the situation is: now Elon is suffering extreme pressure from retailers investors and he is slowly losing his credibility (they have even created a "StopElon" coin), and from the moment Tesla does not accept BTCs anymore, the company basically owns a huge bag that guarantees a huge profit in the short and long term, but it is useless for practical use (Bitcoin is losing appeal and it's becoming a "Big guys's exclusive", without even taking into account the environmental issue that has now been exposed to the public opinion by Elon himself).

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

Wait, do you think Elon still has coins? Unless he signs a message with that amount of coins then I do not believe a word of what he is saying, he crashed the market, do you think he is dumb enough to do so when he was still on the market? You do not get to become the second richest person around the world by doing stuff like that, so I think he has no coins already which is why he feels so free to talk negatively about bitcoin and other cryptocurrencies.

[Wawa2013]

Only Elon can answer this. We cannot answer it accurately. We even don't know if Elon is still holding BTC. How if Elon already sold all their BTC before he spread FUDs. In my opinion, this question is better to ask to Elon directly on their social media, especially on his tweeter. He never posted in this forum, so for me creating this question in this forum will be useless.

I'm sure we all will never know Elon Musk's plans, so no one knows whether Elon Musk sold the BTC he owns or not.
I agree Elon Musk must have taken profit when the BTC price was above $60k. Therefore he dared to spread FUD,
because he might want to buy more Bitcoin at a low price. Therefore, I agree that discussing this matter is a little useless for us.
After all, only Elon Musk knows what he's going to do. I think focusing too much on Elon Musk will only waste our precious time.

[Fundamentals Of]

Elon knows better than sell all of his Bitcoin. What would he gain by selling all of his appreciating currency? And sell for what? Sell into fiat? That would only depreciate his worth over time. Elon knows that Bitcoin is way much better than fiat.

Although I want Elon to sell all of his Bitcoin and just leave it alone for good, I don't think he is stupid enough to just let it go. His Bitcoin criticisms had a different motive. He probably does not leave Bitcoin.

[adaseb]

What is confusing about his posts is that one day he is in love with Bitcoin and the next day he is breaking up with it. Then the day after he changes his avatar to Bitcoin again and confusing everybody. One thing I am sure is that he can’t legally on a public service say in advance whether Tesla sold its holdings or not since it’s a public company traded on the stock market.

Tesla stock price is dependent on whether they hold the bitcoins or not since it represents a portion of its balance sheet. So if he says anything it might trigger insider trading and what not.

However if I recall he holds some BTC personally that he bought with his own money. So those he can do as he wishes.

[yhiaali3]

Of course, Elon Musk is a big hodler and is waiting for the next round. I am sure that he is buying huge amounts of bitcoin now after this big drop and filling his wallet with bitcoin to sell it later after the rise.
Elon Musk has lost his credibility and it has become clear that he wants to manipulate everyone, he is a trader in the end and he does not care about Bitcoin or anything else, but rather he cares about filling his pocket with money in any dirty way.

[Kittygalore]

Elon doesn't have any bitcoin, Tesla has the bitcoin and it will take a lot of decisions before they can sell their bitcoin, it's not just Elon. He may be the head of the company but that doesn't mean that he can just go and decide everything on his own.

[michellee]

Of course, Elon Musk is a big hodler and is waiting for the next round. I am sure that he is buying huge amounts of bitcoin now after this big drop and filling his wallet with bitcoin to sell it later after the rise.
Elon Musk has lost his credibility and it has become clear that he wants to manipulate everyone, he is a trader in the end and he does not care about Bitcoin or anything else, but rather he cares about filling his pocket with money in any dirty way.

He will buy more bitcoin secretly without anyone knows but he will announce it later, just to make sure that people follow what he said. Maybe Elon lost his credibility right now, but we know that he still has more power to move people to follow his tweet. We can not underestimate his power, especially after we saw it before. But we do not have to follow him because he can not always right about what he said, so we need to analyze first before we do something. That is the best thing that we can do.

[Pamadar]

Of course, Elon Musk is a big hodler and is waiting for the next round. I am sure that he is buying huge amounts of bitcoin now after this big drop and filling his wallet with bitcoin to sell it later after the rise.

He can do that or he still influencing the market to bring the  market down for more so he can collect those cheap coins and
bag it all then wait for another bounce.

Elon Musk has lost his credibility and it has become clear that he wants to manipulate everyone, he is a trader in the end and he does not care about Bitcoin or anything else, but rather he cares about filling his pocket with money in any dirty way.

He care about money for sure, Musk is a business person and knowing his personality he's here to collect more money to whatever
process he thinks that will work for him, not even losing his credibility.

[just_Alice]

We don't know what's going on in his mind, so it's hard to tell. The question is: is this just a manipulation for profit or Elon's true intentions were to promote Bitcoin adoption, but then some big guys (though it's hard to imagine how big they should be) told that they don't want to do business with him anymore if he's involved with Bitcoin. For instance, Tesla can sell carbon credits to other automakers for big money, but once they're dealing with Bitcoin, which is associated with CO2 emissions because of mining, maybe they can't do that anymore.
If the case is manipulation - I bet Musk will do everything in his power to dump the price even more and then would buy a whole lot of Bitcoins
If the second case - then he's probably waiting for the price to recover and then will sell.

[romero121]

Nothing to exaggerate his activities. More the importance given to him helps with the ease of manipulating the market. Another thing, he's a big legend in making profit out of anything and everything. It isn't that easy to easily predict the thoughts on his next moves on bitcoin/cryptocurrency.

One thing he understood there is money in Bitcoin, and he's perfectly making using of the opportunity with his massive holdings. Once after the dump his holdings will be increased again for sure.

[btc78]

What's your problem if Elon sells His bitcoin ? de does not even hold a million bitcoins but it looks like you are so much affected when it his rights to do whatever he wants in the coins owned by Him.
and besides that implies one thing if he does sell the coins , it means he really is not a trustworthy person and just like most whales that wanted to profit and not to support the market.
it his a shame for him and not for the community . and besides this will be very helpful because at last he will keep His mouth shut for the rest of His career.

[maydna]

Elon doesn't have any bitcoin, Tesla has the bitcoin and it will take a lot of decisions before they can sell their bitcoin, it's not just Elon. He may be the head of the company but that doesn't mean that he can just go and decide everything on his own.

We don't know for sure about that. Who knows, Elon already bought bitcoin a few years ago while the bitcoin price is at a low price and not telling to the public. But he announces to the public that Tesla has the bitcoin. I will not surprise if he says that because perhaps, he wants to hide his bitcoin from the public. Whether he has bitcoin or not, I don't think that he will sell bitcoin now because I am sure he wants to make a big profit from bitcoin. So he will wait until the bitcoin price can hit his target price to sell.

[inanilujimi]

maybe he already sold them all for $60k??? nobody knows,,
sometimes what he says on Twitter is the opposite of what he is doing, he is a great investor who has extensive knowledge of crypto.

[arwin100]

maybe he already sold them all for $60k??? nobody knows,,
sometimes what he says on Twitter is the opposite of what he is doing, he is a great investor who has extensive knowledge of crypto.

Someone said this and I can't remember where I read this post "No one will troll if there investment is there" and this is right since its kinda crazy act if you do that and price got dump so we can expect thag Elon Musk want to fud and buy bitcoin back again. We need to be careful since he's not done with his tantrums so best to ignore him so that we can move on and marker will not be manipulated again.

[slaman29]

Who cares? And the moment we stop caring is the moment we remove the worry and stress over it, and that's the same moment it is no longer of any consequence whether or not Elon sells his BTCs.

If he sells now, good, that should mean he didn't make profit as he could (so he won't).
If he doesn't, good, that means he was kinda lying about not believing in BTC.

[Ararbermas]

That guy is a brilliant man on this crypto space he will never jump to any decision unless it can really convince him to join the ride especially if he can obtain huge as well. See what's the results after he makes tweets about tesla? Elon's can really intimidate those big investors as well, he knew how to scared them using a simple words.. Lol and you saying elon will sell because of that reasons.? It's impossible because he's the real master when it comes to that way..

[ShowOff]

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

I don't know why people keep thinking about Elon and his famous $1.5 billion bitcoin investment before the news of the partial sale in April. While Tesla/ Elon is not the only institutional investor investing in bitcoin at the moment and I don't think that Elon should be a role model before we decide to invest.

I think anyone can worry about the financial strength of institutional investor like Tesla/ Elon. They can sell some or all of the bitcoin if they want because their goal is to make a profit. Selling bitcoin on a large scale can cause the market to go down, but I'm sure other trader and investor will form strong support so the price will never fall any deeper. He is more famous for his tweets about Doge than bitcoin, he's not quite as stable as we think. Check out his current twitter profile.

[BigBos]

Elon Musk wants us to think that he hasn't sold the bitcoins he's holding. but, I think, some of the bitcoins he held have been sold. anyway, I think Elon Musk doesn't want panic to happen in the crypto world because he said that supports cryptocurrencies at this time. however, I think the price changes that occurred were also due to his influence.

[SquallLeonhart]

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

How much Elon has personally is not something I am aware of, maybe it is something known and people are aware of it but I do not think it is public information. At the end of the day we are talking about something that would be risky for him to publicize. So if I do not know, I will not know if he sells neither and in that case I will not care neither.

Think about it, he can tweet and change the price and he is using that because he cares about the attention he is getting, that is very important part of the deal. So that is why I do not care what he is doing or will do, he can sell or he can buy, do whatever he wants and that will not be important, all I care about his tweets and I hope he stops, I didn't care when it was going up (never bought doge) and it is just a big problem for me that he does this because having power to change the price with one tweet is scary.