ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon?

[janggernaut]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

[mk4]

What do you think? Is this time for BTC bullish again?

How is Elon selling TSLA stock bullish for bitcoin?

Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or better yet — how the heck is Elon selling TSLA stock going to prevent a global recession? LOL.

Or... Will he buy dogecoin now?

Maybe, maybe not. I don't really care much.

[Dave1]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Not seeing any correlation between him selling his TSLA stocks bullish to bitcoin. Do you mean that the proceeds of his sell off will go directly to BTC? I doubt that this is in the mind of Elon now.

Or... Will he buy dogecoin now?

Not sure either, most likely the sell off might go to his Twitter company.

[EarnOnVictor]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

I think we are giving Elon Musk too much relevance, why not let him do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some respect for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught the cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

[rhomelmabini]

Elon Musk alone can't stop the global recession or it won't be stopped after all, the market will heal itself LOL. Maybe he's purchasing some parts for his rockets or fund it on his freedom of speech platform that he still censoring, we never know. The overall market sentiment is still bearish so he will not dive in yet to crypto for sure, he is only doing some buying spree when the market is in good condition.

[ilovealtcoins]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

I think we are giving Elon Musk too many references, why not do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some relevance for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught his cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

I don't know why you don't like him, but you're right, he doesn't love crypto like we do, he has way too much money to do other things and investing in bitcoin is only a small part of it for him. It's funny how many people constantly think that he has some sort of close connection to crypto, he is not the one who can make bitcoin go up.

[DaveF]

Doubt it, he is way overextended and needs the cash to keep twitter running and a bunch of other projects from running out of cash.

Sell stock -> get cash -> put cash into operations of businesses that are loosing money every day they are open.

It works till you run out of stock to sell, then it all implodes in a big mess.

Sometimes it works sometimes it does not.

I would not think it's that big a deal considering the amount of stock he has, BUT since it was sold at the lowest point of stock price YTD that either means that he really needs the cash OR he thinks the stock it going lower.

No way to know at the moment.

-Dave

[Eternad]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

NElon is not dumb to put his money on crypto that might serve as exit liquidity for other institutional investors that trapped on the peak. Also he still might have some crypto investment in his bag so putting that 3.5B is doubtful for a guy like him in time like this. Probably he will just re-invest it on different company since TSLA is already subjected with many negativity before then buy back later. Elon is known for selling off his stock before though.

Probably his action is purely toward global recession preparation or new investment opportunity for him since Tesla is just one of his company.

[coolcoinz]

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

[cryptoaddictchie]

Is it bad on his side to sell his own stock of the company he own? Probably yes. This could trigger panic selling of others but what can we do? He may need the funds for running on business or other matter. For sure he will bought it back again when he have extra funds or the price plumetted after he sold his shares.

[mk4]

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down?

*snip*

Having enough dry powder to be able to completely run in a recession is Tesla's responsibility — the company as a whole(mostly their CFO). I doubt Elon Musk will even need to put in his own money to save the company if ever they mess up their financials.

[South Park]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

I know that since some time ago the community has been obsessed with everything that Elon does but this is getting out of control, has Elon expressed recently any desire to buy bitcoin, dogecoin or any altcoin for that matter which could lead us to conclude that somehow this movement could be related to purchase of some assets in this market? If that is not the case then I think people need to slow down as this movement could have no relationship whatsoever with this market.

[Piesel]

It depend the direction Ellon Musk decide to cycle the funds to, if he decides to sell off some of his company stock for whatever reason that is left for him and I don't see that having any impact on the price of Bitcoin directly.

I don't know about altcoins like dogecoin, but if dogecoin receives a strong buy-in from the proceed of the sale of stock it will definitely increase the liquidity of dogecoin and may result in its price increase.

[cryptomaniac_xxx]

Not sure if it will be BTC or Dogecoin that he will rebuy. But let's assume one of it, but so far we haven't see any price action? So maybe not today, but we will have to look when the price of both BTC and Dogecoin will increase in the next coming days or month.

But the question is, will someone here know if Elon is really going to buy either or not that causes the price to increase?

So I guess we will not know the answer for sure so it's better not to speculate at least what Elon is going to do with that money as far as pouring it to crypto market. If he did, then good for us, if not, who cares.

[goaldigger]

Elon is very unpredictable, we can’t expect him to buy BTC any moment but I’m sure we will know that in time. If Elon us planning to increase his crypto holdings and its really a good news. For now, better not to get hyped and just focus on the price fact. Maybe there’s another reason why Elon sold his shares, that’s a huge amount of money.

[darkangel11]

What do you think? Is this time for BTC bullish again?

I'm bullish all the time.
You can try to play the game and maybe you'll get lucky but it's still going to be their game. You don't control anything.
You take leveraged position and they'll liquidate you. You'll sell and they'll pump it back again like they did in 2021 when the price fell to 30k.
You can hold and they'll release some FUD to make the price go lower.
I refuse to play their game because eventually the price will go higher and higher. The only thing we don't know is when and how high before they crash it again.
As for Musk, he's a manipulator like the rest of them. When he tells you he bought it's because he wants to sell.

[OgNasty]

Elon is selling stock because he has to raise funds for his Twitter purchase and keeping it afloat. He borrowed money and wants to be certain he can pay it back so he doesn’t accidentally bankrupt himself if Tesla stock continues to fall. For these reasons he will not be buying BTC with these funds. If he did decide he wanted more BTC, he would implement crypto payments on Twitter and keep a % for himself. This seems far more likely than a market purchase.

[adaseb]

The reason why he sold is not to buy Bitcoin or Dogecoin. He sold because he had to for his Twitter purchase. He borrowed some money and used Tesla stock as collateral but when Tesla went down he had to raise more funds to satisfy the banks, or so I’ve heard.

So pretty crazy. He needs to sell Tesla stocks but by selling Tesla stock the price goes down further and he needs to sell more Tesla stock. And this is why many Tesla owners are upset that he bought Twitter because it doesn’t benefit them in any way.

[NotATether]

Is it bad on his side to sell his own stock of the company he own? Probably yes. This could trigger panic selling of others but what can we do? He may need the funds for running on business or other matter. For sure he will bought it back again when he have extra funds or the price plumetted after he sold his shares.

I still think he should've at least made SpaceX self-sustainable before exploring a Twitter buy.

Now he has two two money-losing corps to worry about. More, if you count Starlink (why doesn't he just merge this with SpaceX?), Neuralink, Boring Company, etc...

[cryptoaddictchie]

I still think he should've at least made SpaceX self-sustainable before exploring a Twitter buy.

Now he has two two money-losing corps to worry about. More, if you count Starlink (why doesn't he just merge this with SpaceX?), Neuralink, Boring Company, etc...

Well his bit aggresive I guess. You are definitely right. Imploring Twitter is his bad move too. That a lot of money he dwells when he purchase that and now seeing his needing cash for his other corps seems affecting him now. Maybe that how a whale plays over those finances.