What would happen if Tesla decided to sell its Bitcoin?

[Husires]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

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[Charles-Tim]

I think Elon Musk influence, especially on bitcoin has reduced. Even, if he sell his worth of billion dollar bitcoin, the market may fall fall, but it will get back to normal.

His propaganda when Tesla stopped accepting bitcoin as a legal tender (and later accepted doge to dump bitcoin) made bitcoin price to fall from over $60000 to around $45000 or $46000. Can there be any worse than that?

Even it wasn't long after Elon Musk propaganda that China finally ban bitcoin and bitcoin mining that made bitcoin price to drop from around $45000 to $30000. But, yet, another bull run started that skyrocketed bitcoin price to all-time-high of almost $70000.

So, yet bitcoin is still bitcoin. Bitcoin price does not depend on a single man, especially, not Elon Musk.

[aprilnot]

for the short term there will be a big dump. but no long term impact. I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

[Lucius]

Realistically those 40k BTC owned by his company in case of sale through OTC should have no impact on price, but I have no doubt it would cause panic among loyal followers (or rather fanatics) who react to his every word. This actually proves how intelligent the average investor is when it comes to Bitcoin, because he does not invest based on what he thinks, but based on what some spoiled rich man thinks.

Besides, isn't it hypocritical on the one hand to say that Bitcoin is bad for the environment, and on the other hand to accept it as a desirable investment?

[Serco]

for the short term there will be a big dump. but no long term impact. I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

short term effect will be very dangerous, it will make market sentiment and faith to bitcoin or crypto market decrease.but for long term i am believe it will become more decentralized and no giant investors or whales controll this market.current price was not elon musk target profits, he will set higher price to double their investment just like tesla long term investment.

[Charles-Tim]

I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

Announcing it can be a weapon for the fall. Anything can also happen, this is what would probably happen, they will sell and later announce it. But I only see a reason why Elon Musk would want to do this, to either make the market to dump and to support Doge. Just like we predicted Tesla dumped bitcoin for doge before it even started to accept doge for payment, also it can happen like that in a way to continuing supporting doge to rise in price.

[Doan9269]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

I think this is just because of the name and reputation he had makes it to add sauce to the media interest on what may be the outcome if he sell out his bitcoin, obviously I don't think there will be any much impact in general, we have other whales buying and selling but i think there must be something more bigger than this in other to make any muse on bitcoin price.

for the short term there will be a big dump. but no long term impact.

I don't even believe there might be any tangible difference or impact to whether cause a dump or pump in bitcoin price, why is because haven consider Tesla isn't the only bitcoin whale we have and there has always been a pump in bitcoin whenever a mining reward is giving in half, not only the release of bitcoin by hodlers can make the market shift, we have many wallet account noticed to have huge amount worth of bitcoin but yet their effect isn't felt on the prize speculation.

[LogitechMouse]

for the short term there will be a big dump. but no long term impact. I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

Selling gradually would be possible until they will sold all of the Bitcoins they're holding.
With regards to the announcement, it might cause further dump after Tesla selling their holdings so in short it will be a double dump. There might be a short term dump after selling and their announcement will cause more dump and it will be a disaster for some investors but an opportunity for some or it might be the other way around. There is also a chance that Tesla selling Bitcoins will have little to no effect towards Bitcoin's price.

If this will happen, it will only have an effect on the short term to mid term but this will not have any effect in the long term since many will buy Bitcoins at a lower price.

[Husires]

Excuse me, but it seems that I was not accurate in asking the question, what I meant was to break the four-year price cycle since we have two simple assumptions:

• The first is that the price will rise to 100k dollars before the end of this year as a maximum.
• The second is that the price will not fall below the levels of 20k dollars, which was the top of the previous session.

If Tesla or MicroStrategy sells, will we go back to levels below 20K?

[ultrloa]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

Elon Musk has huge influence in the world and his manipulative technique creates huge effect to the market how much more if he really sell all of his coins. For sure many people will follow him and this will create panic to people who's been bother on after effect of the actions he do. But for sure this will never happen since Elon is smart and he see huge potential on Bitcoins.

[YOSHIE]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

There is no definite impact, you misjudged Elon Musk, he bought Bitcoin when Bitcoin had reached a new ATH at that time, Bitcoin went up yesterday, not because he bought $$$ billion, in fact he still keeps Bitcoin until now, Bitcoin keeps changing up and down.

Elon sells all Bitcoins, which is definitely no change in the global economy, a clear change for him in terms of 'profit' is clear, for you and me it remains as it is now, changes occur if you buy and keep within a certain period of time, let's say that the current price of Bitcoin is $35,800 maybe if you buy 5-10 Bitcoins and sell in the next 2-3 years it can be at a price of $100,000 who knows, of course you will experience changes automatically.

Remember.
That Elon did something to crypto, never told the public, after he did it, only then did he tell the public, the joke is stale.

[Gozie51]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

I don't believe anything can happen if Elon musk sell off his bitcoin to add into acquire twitter because he is not going to make bitcoin crash. He is not promoting bitcoin but dogecoin and removing such hodling for twitter purchase will be understable and won't create panic as the public is convinced he needed extra cash which becomes the reason for cashing out his bitcoin to conveniently acquire his hodling in twitter.

[kryptqnick]

I don't like that Twitter was actually bought by Musk, by the way. I thought that it would play out differently, ensuring that there is no biggest investor and that the company isn't in the hands of one person. I also liked Jack Dorsey more than Musk in terms of his crypto attitude. And Musk really can abuse a lot on Twitter if it becomes his, right? Not like he already doesn't have too much influence there. As for selling BTC, I remember when pulling out of Bitcoin was announced, and it caused a decrease of the price. If something like that happened again, something involving around 1-2 billions of dollars worth of BTC, I'd expect a 15-20% price drop at most. But eventually, it would go back up anyway, so it's not a huge deal.

[macson]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

It's undeniable that when Elon sells all the bitcoins Tesla buys, what happens is the bitcoin price will drop drastically ^{(maybe back to $20k)}.  Satoshi himself has written that it is the holders who regulate the market price, the more people hold btc, the better the bitcoin price because it will definitely increase market demand.

[merchantofzeny]

Well it may cause a fall on prices but usually it recovers after the whales have gobbled up the cheap btc. What we should be worried, if ever, is his massive reach, especially now that he's in control of Twitter. It might not be as large an influence as the CCP had but it's still large considering a lot of people follow him. Him dumping btc could cause those people to panic compared if it was some unknown individual/institution who did that. Not to mention he does have fans that usually follow his "suggestions".

[Pomogator]

If Elon sells all his bitcoins, then this will affect the bitcoin rate as a whole quite strongly, but I think not for long. It may take a few weeks for it to normalize. This will be a good opportunity to bribe bitcoins for further sale. This is not negative news, so the market will quickly return the bitcoin rate to its previous rate.

[bittraffic]

He has BTC more than the volume of an exchange, that surely can crash the market especially if he sells them by the market price. But he would regret it if he will not buy it back when the price is already more than affordable for macro investors. They are eager to get their BTC for a lower price especially if it dips down below $10K, Saylor or even Bukele will be glad to use the funds of the government to take a bag of BTC. It would be a party time for Russian oligarchs.

[The Cryptovator]

I don't think he needs to sell his Bitcoin to manage Twitter acquisition funds since he made a lot of money from Doge. But who knows the reality? We don't know if he's already sold or not, because Bitcoin is showing quite bearish at the moment. That means selling pressure has increased somehow. But as far as I know, he announced he was not going to sell his Bitcoin holdings anyway. If he intended to sell and announce it publicly, then the price would definitely drop more due to FUD. 

[bitzizzix]

Elon Musk always influences what he tweets and it will have both positive and negative impacts on his goals, but all of that is only for the short term and there will probably be a significant downturn.
and it's because of those who really believe and are also fanatical about Elon Musk and make him panic and don't want to be late with his sale, but for those who have been in the industry for a long time it's actually not very influential because they always believe that bitcoin will continue to grow and develop and also will increase in price without anyone's influence.

[Fivestar4everMVP]

I personally don't think he will have to sell he's bitcoin stash because he probably bought it at a higher rate compared to what the price of each bitcoin is right now, though not really sure about this.

But even if he bought bitcoin at a lower price (which means he is still in profit) and then decides to sell, then the price of bitcoin will definitely drop like every other time and will still rise up again in a matter of time, so sincerely, there's nothing to be afraid of, bitcoin right now is too independent to depend on any entity or man for its survival.

[teosanru]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

If you want to imagine something wild, why don't you think what if Microstrategy sells it's bitcoin altogether  But anyways, talking about what would happen here, first of all the market would obviously react in a pretty negative manner, Not only because such a huge amount of bitcoin came out in the market for sale, but also because this will create a negative momentum in the market that such a big supporter and so-called holder of bitcoin has decided to sell it, many retailers will sell their bitcoin, but what would eventually happen is whales will look at this time as buy time and they will buy truckloads of bitcoin and then wait for another bull season.

[STT]

Depends how the BTC is transferred.  Its held by a company not a person so it could be passed onto another company or it might be sold into market all at once which means excessive supply and a poor price realized for that BTC sold, unlikely to happen.  The Mt.Gox disposal of BTC is probably most similar, a large amount sold over time into higher volume periods.

[kidbounty]

If Tesla or MicroStrategy sells, will we go back to levels below 20K?

no. because even if they sell it, I'm sure they don't want that to happen. when institutional investors sell their assets they have a plan so there is no dump. and vice versa when they want to buy, they will not want to buy at high prices. so if these two giants sell bitcoins, the bitcoin price won't fall very deeply.

does it have an impact? certainly. but the effect is not too bad.

[eaLiTy]

~
What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

From what i understand, Elon Musk sold billions worth of BTCitcoin last year itself and we did not see any major correction like the hype you think he is having. He recently purchased Twitter for a whooping $44 billion and it is normal that he will be looking for funds and i have no clue how much he is holding in cryptocurrency but i wont be surprised if he sells all his cryptocurrency right now .

[qwertyup23]

Just like the primary machinery that drives and effects the price of BTC, if Tesla decided to sell its entire BTC holdings then its price would fall on the market.

Given that there are lots of BTCs being stored by Tesla, the liquidation of such would result to an increase of supply in the market thereby reducing its general price. Though this may happen, its price would somehow stabilize in the following weeks given that the nature of BTCs are inflationary. Its price is bound to increase in the following years given its 21 million capped supply.

[serjent05]

I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

But I only see a reason why Elon Musk would want to do this, to either make the market to dump and to support Doge.

Or intentionally crash the market and buy on its dip getting more BTC along the way.


If Tesla purposely dumps their BTC holdings, there will be a short-term crash on the market, the crash can possibly get longer if Elon uses Media to FUD the BTC market.

If you want to imagine something wild, why don't you think what if Microstrategy sells it's bitcoin altogether 

If that happens the BTC market dump would be a treat to those who are looking for a window to get in.  I bet it would be a feast .

But anyways, talking about what would happen here, first of all the market would obviously react in a pretty negative manner,

That is given, a sudden influx in supply can greatly affect the price in the market negatively.

many retailers will sell their bitcoin,

or these retailers might find it a great sale to buy BTC.

but what would eventually happen is whales will look at this time as buy time and they will buy truckloads of bitcoin and then wait for another bull season.

I think minnows and algae would see this as an opportunity to book a possible profit.  Only weak hands will be swayed to sell their holdings.  Believer and supporters will see this as an opportunity to bag more BTC.

[suzanne5223]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

Nothing than what we have seen before in the market when Steve Wozniak sold his Bitcoin holding and the last time i checked the Bitcoin market ought to experience some market correction but it is the level of the institutional investor enthusiasm in Bitcoin that's preventing it from happening.

I think Elon Musk influence, especially on bitcoin has reduced.

Not only on Bitcoin his influence level when he tweeted about Dogecoin is not as powerful as before and this is expected because he can't feed people with garbage every time and still expect them to trust in him.

[Sithara007]

Being a decentralized asset, ideally the exchange rate of Bitcoin should not get impacted by any such selling event in the long term. IMO, the decision from Tesla to invest in Bitcoin caused more harm than good so far. Initially, there was a spike in the exchange rates, and it lasted less than a month before Elon made some negative comments against Bitcoin. And after that, the focus shifted to carbon footprint of Bitcoin and it's energy usage. Now there is added pressure on Bitcoin miners (who are reeling from low prices) to use renewable energy.

[Sir Legend]

Of course this will make the market shake for a moment, as we know that in 2021 when the price of bitcoin skyrocketed because of the influence of Elon Musk and Tesla who massively bought bitcoin, and the market was very positive, now if they leave cryptocurrencies maybe we will return to 2018 when the market drop more than 70% compared to ATH position.

[DanWalker]

I think Elon Musk influence, especially on bitcoin has reduced. Even, if he sell his worth of billion dollar bitcoin, the market may fall fall, but it will get back to normal.

His propaganda when Tesla stopped accepting bitcoin as a legal tender (and later accepted doge to dump bitcoin) made bitcoin price to fall from over $60000 to around $45000 or $46000. Can there be any worse than that?

Even it wasn't long after Elon Musk propaganda that China finally ban bitcoin and bitcoin mining that made bitcoin price to drop from around $45000 to $30000. But, yet, another bull run started that skyrocketed bitcoin price to all-time-high of almost $70000.

So, yet bitcoin is still bitcoin. Bitcoin price does not depend on a single man, especially, not Elon Musk.

Elon's influence has decreased because his tweets are only intended to manipulate the market and people have realized that. But Tesla is the 3rd largest bitcoin holding company in the world about 43,200 BTC, if they announce to sell all of their bitcoin holdings then I think it will cause a serious drop in the market.

Although we know that bitcoin does not depend on any company or individual, selling large amount of bitcoin to market will cause market panic causing mass sell-off. And bitcoin will take a long time to recover, we should hope that won't happen.

[Charles-Tim]

If Tesla purposely dumps their BTC holdings, there will be a short-term crash on the market, the crash can possibly get longer if Elon uses Media to FUD the BTC market.

There can be crash, the market price of bitcoin could fall and definitely almost all other cryptocurrencies, but I am definitely certain that it would be short term, it is not going to last and the market will rise just like when Elon Musk says Tesla no longer accept bitcoin. The crash would also never be like that time, it would be milder this time, no matter how Elon Musk is try to manipulate the market.

[Kakmakr]

There are a lot of people on the "demand" side that cannot wait for Musk to dump those coins, because it will push the Bitcoin price down and then they can buy coins at a lower price. The Silkroad coins was more or less the same amount and it did not crash the price at the time... that said, the buyers did not dump the coins after it was bought.

In 2014 Tim Draper Paid $19 Million For 30,000 Bitcoins Confiscated From Silk Road at a price of $633.33 per coin.... and I can promise you.. he laughed all the way to the Bank. (The same thing will probably happen to the Tesla/Musk coins) 

[Husires]

I don't think he needs to sell his Bitcoin to manage Twitter acquisition funds since he made a lot of money from Doge.

I do not know where you got information that Elon Musk owns a lot of Dogecoin, I tried to search and did not find a reliable source that talks about how much of that coin he owns.

According Gfinity Esports them URL https://www.gfinityesports.com : As of June 2021, Elon Musk wallet in question holds over 2,500,000 DOGE  Today Dogecoin price equal to 315325.12 USD which is less than 1M USD.

Can someone buy a platform like Twitter for $44 billion to support his wallet that has less than $1 million?

Theories linking this deal and the cryptocurrency are weak.

[Nivia1st]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

the market crashes and dumps for a long time. without Elon selling all his bitcoins the market is already in a bad state. and if he decided to sell it, things would get worse. it is possible that bitcoin will fall below 30k, and that will render the altcoin worthless. there will be a lot of terrible things happen if they come true.

[gantez]

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

the market crashes and dumps for a long time. without Elon selling all his bitcoins the market is already in a bad state. and if he decided to sell it, things would get worse. it is possible that bitcoin will fall below 30k, and that will render the altcoin worthless. there will be a lot of terrible things happen if they come true.

The price of bitcoin is down he won't consider that now and if he do only fear can cause other hodlers to sell there coins if musk decide to sell for needing money to buy twitter.  Now I think that he is trying to have a plan with binance CEO to set up money for the purpose and purchase of twitter. If this succeed to happen he don't have to sell his bitcoin and the price is low, selling is not profit for him.

[Hamphser]

Of course this will make the market shake for a moment, as we know that in 2021 when the price of bitcoin skyrocketed because of the influence of Elon Musk and Tesla who massively bought bitcoin, and the market was very positive, now if they leave cryptocurrencies maybe we will return to 2018 when the market drop more than 70% compared to ATH position.

For sure it would create some fud and indeed a shake off in the market on which it's pretty normal to have and something very common to happen but we know that recovery is really always next in line no matter what happens in the market.

They can sell all they want or like but we know that market isn't really just moving for or on one person or institution.Supply does really able to circulate well which manipulation might be possible but won't really be giving permanent impact on the market.

[FairUser]

I think there will be a sell-off effect and people who rely solely on influences to invest in different financial markets will always take on financial risks. While I also find Elon quite humorous in every way, I admit that his influence is growing and creating negative and positive consequences in the areas that interest him. The future of BTC will again have other influencers join in and cheer to take it to another level, but at the present moment it would be unfounded to think about it, nor should we be too concerned because the economic crisis on a large scale cannot be blamed because this life's coming to a harmonious equilibrium is too far away because today we have been and are dependent on too many things.

[Vaskiy]

There is very minimal chance of Elon Musk selling his bitcoin holdings. Being an influencer in the cryptospace, his activities associated with cryptocurrency will surely make some changes in the market. These changes in the markets will be there for short term, further the market will return back to its regular growth track. Maybe the news of selling his Tesla shares too a way to manipulate the market. Now users are very clear and doesn't fall for his words.

[kaya11]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

It will definitely impact the crypto market all in all. He's got some influence we know that already and just a tweet from him of a certain coin will moon it by any chance. I don't for how long, maybe until there will be positive news to Bitcoin and will spark a new Bull.

[Rikafip]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

I don't know if you know that but he is not buying Twitter all  by himself as he got on board other investors as well like Binance, Saudi Prince etc that will invest more than 7 billion dollars so yeah, I wouldn't worry about him financing the deal.

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

Price would obviously go down for some time, many people would get a chance to buy bitcoin at discount and eventually it would go up, as always. I honestly don't think that he will get rid off bitcoin, especially not at this price level, and he knows that selling bitcoin would affect his favorite altcoin as well.

He's got some influence we know that already and just a tweet from him of a certain coin will moon it by any chance.

Maybe that was the case year ago, but he doesn't have so much power anymore. Unless we are talking about some obscure shitcoin with low mcap that is very easy to manipulate.

[nur rochid]

We all know Elon Musk's acquisition of Twitter, but how to finance the deal is still unknown.
The billionaire sold some shares in Tesla and is trying to obtain loans from some banks.

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter. The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Source: https://www.bbc.com/news/business-61255092

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

It will definitely impact the crypto market all in all. He's got some influence we know that already and just a tweet from him of a certain coin will moon it by any chance. I don't for how long, maybe until there will be positive news to Bitcoin and will spark a new Bull.

Of course, if the bitcoins he owns are sold, there will be a decrease in price, the more he sells, the more the price will fall again, but it is only temporary, because he is not the main holder, he just has a large number of bitcoins. it's the same thing if he buys an altcoin and generates fomo then more people will be interested, because with the power of his money he can move the market. on the other hand he has influence on cryptocurrencies

[Sithara007]

It is quite worrying. The Bitcoin exchange rates have gone down by more than 20% during the last few days. Central banks around the world are increasing interest rates and many have warned the public about difficult economic situation ahead. Stock market indices are down, and cryptocurrency prices have gone down even more. Some of the experts are assuring about strong support for Bitcoin at $30,000 per coin level, but in general I am feeling quite a bit skeptical about the next few weeks. The next block reward halving is also almost two years away.. so the supply will remain more or less constant.

[Lubang Bawah]

Many people are worried that if Bitcoin is abandoned by millionaires, then Bitcoin will drop, in my opinion the influence of Tesla with Bitcoin is not significant, there will be many whales who will do anything to make bitcoin pumping again, we still remember that in 2017 many countries were officially war with bitcoin but at that time the price skyrocketed.

[CapGelatik]

Many people are worried that if Bitcoin is abandoned by millionaires, then Bitcoin will drop, in my opinion the influence of Tesla with Bitcoin is not significant, there will be many whales who will do anything to make bitcoin pumping again, we still remember that in 2017 many countries were officially war with bitcoin but at that time the price skyrocketed.

No need to worry about what happens to Bitcoin and I'm sure Bitcoin won't be abandoned by millionaires,
indeed at this time the price of Bitcoin continues to decline, even so I am still optimistic that the price will rise again later,
it's not easy to predict right now and it's better to keep a close watch on his movements

[Reid]

for the short term there will be a big dump. but no long term impact. I don't think they're all stupid, they will sell gradually and announce all of it after they finish selling it. so no one realizes that they have sold their bitcoins. and when the announcement is published there will be a momentary dump.

I do think he did it already. I have not read the SEC file if there is a timeline on when the asset could be moved but if there is a statement that says it can be moved anytime he likes then he might be selling it gradually that's why we are experiencing price dumps with unknown reasons.
It's all just business for him and it will stay that way. I doubt he is the holder type like many forum members here who will keep it long term and wait for the mainstream to accept BTC as a widespread currency. IIRC, he bought at $36k so if it goes $40k again it might just be dumped to take profits.

[Similificator]

If by any chance, Elon Musk really does decide to sell the bitcoin holdings of Tesla which I hope will not happen(at least for now that the market is still bleeding and fear is high), it will be disastrous. Specially if they do it fast until they finish selling all of it. That's not the worse case yet though, the scariest scenario would be doing these and going public about it as they sell or after they have already done so(which is more logical). I can already imagine how sharp the drop would be. Still though, BTC may still recover pretty well even if this does happen which may not be immediate of course, but not impossible.
Oh well, I don't think Elon would really do such a thing since it won't be giving him much benefit compared to holding it for longer term. The thing that just bothers me about this is Elon's unpredictability. Ooohh what to think.. haha

[Jody.Drummer]

This confuses Tesla which holds a fairly large amount of Bitcoin, automatically if Tesla does sell Bitcoin then anyone will know that there will be a dump. But indirectly this also gives us some relief that there is no more price manipulation in the market regarding Bitcoin. Then I thought if, in the end, the endpoint will be stable against Bitcoin why not? we are always ready for a bear market. And we're also used to how Elon Musk plays his part in every tweet that has millions of followers that will now soon be under-trusted.

[Freeesta]

Big events always produce the effect of an exploding bomb. This is just such a case. I think that at first there will be uncertainty with the bitcoin rate. But after a while everything will calm down. Elon Musk is a big figure in the world, but not the only player. I don't think one person can change the course of world events. All games come to an end, our game will not be exception to the rule.

[stepwilli]

No way. Elon musk, is the second rich dude in the world. He have two large known business and we don't know maybe he still have other business that are not in the mainstream. With all the income that he earns, there is no need for him to sell his bitcoin holdings to pay jack but we don't even know if he owns bitcoin because he made an argument last time that he didn't like bitcoin the way it meant to be but he surely likes meme coins as they are more lighter.

For this kind of questions, we can look back if what happens in the past when famous personalities and institutions sells their btc hodlings, that should give us an answer and we will know what to expect.

[19Nov16]

Tesla is a big company that has an analyst team, especially risk management, I'm sure as long as the prospect of cryptocurrencies is still good then they will enter Crypto, even though they can have a big impact but I'm sure if they sell all the bitcoin they save, they will not make great turmoil in Market, because without them Crypto is strong.

[Alisha-k]

If musk decides to sell of all his Bitcoin what will simple happen is FUD will stare so many to sell and we will expect further drop in price. What will happen doesn't really depend on musk selling his coins but how the other investors react to his decision. Musk is more like a crypto influencer and so many depend on him for investment advice

[molsewid]

Tesla is a big company that has an analyst team, especially risk management, I'm sure as long as the prospect of cryptocurrencies is still good then they will enter Crypto, even though they can have a big impact but I'm sure if they sell all the bitcoin they save, they will not make great turmoil in Market, because without them Crypto is strong.

Market price will go down for a little bit and small span of time if he will decide to sell his bitcoins , but Elon is not only the people in this world who holds bitcoin, if he will dump his bitcoin many large companies will decide to buy what he has already sold, whales will took this as an opportunity to hoard more, well it depends on the ordinary people like us on what will be our reaction after that.

[stomachgrowls]

Tesla is a big company that has an analyst team, especially risk management, I'm sure as long as the prospect of cryptocurrencies is still good then they will enter Crypto, even though they can have a big impact but I'm sure if they sell all the bitcoin they save, they will not make great turmoil in Market, because without them Crypto is strong.

Market price will go down for a little bit and small span of time if he will decide to sell his bitcoins , but Elon is not only the people in this world who holds bitcoin, if he will dump his bitcoin many large companies will decide to buy what he has already sold, whales will took this as an opportunity to hoard more, well it depends on the ordinary people like us on what will be our reaction after that.

We dont even know if they had done it already on where they had sold out their coins or not but considering on the current price in the market then its safe to presume that they had done it

but its true that this isnt something the first time on seeing this market where huge sell offs could really happen and these declines arent something new to see on this market.In
terms of selling decisions then there's nothing we could do, since its their money or asset so they do have the full rights on what they should gonna do with it.
If they do decide to sell so let them be.

[Wakate]

If Elon decided to close the crypto market with his Bitcoin holdings, the market is going to fall massively and it will take enough time before things will get back to normal. He has the influence to do that and I don't think he is ready to do that. He has the money, the power, the influence to do whatsoever he like.

The crypto market is gaining momentum from manipulators that always turn the market to their favour in order to make one or two earnings. The market is going down and it is not the first time, we are already used to it.

[Sithara007]

What if they go for more Bitcoin purchases at this time? I regard Elon Musk as one of the most intelligent individuals on this planet. He is the richest person in this planet, because he used his intelligence to make money from various investments. So at this point, Bitcoin represents an easy option for him to get anywhere from 10x to 100x returns. I would like Tesla to invest a few billion USD in BTC at this point, as Bitcoin is all set to dip below the 30K level. Just hoping that he (Musk) will prefer Bitcoin over the shitcoins.

[jaberwock]

Big events always produce the effect of an exploding bomb. This is just such a case. I think that at first there will be uncertainty with the bitcoin rate. But after a while everything will calm down. Elon Musk is a big figure in the world, but not the only player. I don't think one person can change the course of world events. All games come to an end, our game will not be exception to the rule.

I don’t think that Tesla would have any plans of selling their Bitcoin, because this is just a tiny part of the whole assets that they own. So, Bitcoin would be the least thing that they would like to take away from their possession. They can sell from other things, but not really bitcoin, because they know for sure that Bitcoin is a really good asset that would be worth it in the years to come, and the value would keep on increasing, which they know for sure, and with that amount that they have invested,they’re more likely to be in a position where they would be making a huge profit from it.

[tabas]

It will be the same as where we are right now. Like what has been happening to the market lately is somehow correlated to some whales shorting a lot of bitcoins to sustain whatever they have in plans for their main projects.
The same thing could be with Tesla shorting bitcoin, the market will quickly react on it and we'll go back in capitulation and those that have been waiting for cheaper bitcoins, they'll come and take those.

[Joshapat]

Tesla is a newcomer to Crypto, they officially announce investment at Crypto for about a year, if they sell all Bitcoin, of course this is not a problem, maybe in the short term it will make a market correction but in the long run will return to normal because the Bitcoin community is very strong.

[Charles-Tim]

Tesla is a big company that has an analyst team, especially risk management, I'm sure as long as the prospect of cryptocurrencies is still good then they will enter Crypto, even though they can have a big impact but I'm sure if they sell all the bitcoin they save, they will not make great turmoil in Market, because without them Crypto is strong.

Tesla does not have a great impact on bitcoin price than what Elon Musk did by taking to Twitter that Tesla no longer accept bitcoin for payment which crahsed crypto market to an extent including bitcoin which it his focus, but in a way to support doge. So, if the impact was once positive, it later become negative.

If musk decides to sell of all his Bitcoin what will simple happen is FUD will stare so many to sell and we will expect further drop in price. What will happen doesn't really depend on musk selling his coins but how the other investors react to his decision. Musk is more like a crypto influencer and so many depend on him for investment advice

But it would be surprising if the impact won't have such negative effect unlike what happened in the past like I just comment above. What I am thinking of is that the impact won't be significant.

Tesla is a newcomer to Crypto, they officially announce investment at Crypto for about a year, if they sell all Bitcoin, of course this is not a problem, maybe in the short term it will make a market correction but in the long run will return to normal because the Bitcoin community is very strong.

Definitely, Tesla is just a company out of many companies that have gotten into buying and holding bitcoin, but which no longer support bitcoin but only doge, definitely no effect in long term because bitcoin can absolutely survive without Tesla and Elon Musk.

[bakasabo]

I remember when Elon Musk added Bitcoin in his twitter bio and people gone crazy, started to buy Bitcoin and cause price growth. So far, a lot of people believe, that Tesla belongs Elon Musk, and those Bitcoins Tesla has bought, belong to Elon Musk personally. With such porridge in the head, if Tesla makes just a hint of planning to sell their Bitcoin, Bitcoin price will drop to pre-Elon-hype-price aka Autumn 2022 prices.

[Renampun]

...

What would happen if Elon Musk decided to sell his Bitcoin? What will be its economic impact on the price of Bitcoin?

With Elon's large enough influence, the bitcoin price will definitely be affected quite a lot...

elon musk and the company he controls (Tesla) when they first told everyone they bought bitcoin the bitcoin price went up quite high and it lasted quite a while, then when elon tweeted about bitcoin and the environment the bitcoin price was affected too. the same thing (bitcoin price goes down) will definitely happen if elon and tesla sell all the bitcoins they bought.