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RE: ELON MUSK AND TESLA - the blessing of a threat for BITCOIN and crypto space?

in Project HOPE • 4 years ago

Hello
You raise a very good point and a very reasonable concern. I think that the propping up of high valuations will likely continue, and hopefully when the Tesla bubble bursts, there will be so many other companies involved, that if he sells his Bitcoin it will be bought quickly by stronger hands.

4 years ago in Project HOPE by
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     4 years ago 

    Thanks for your comment @shortsegments

    I found it interesting that just few days after this post, shares of Tesla on stock market crashed down rapidly and BTC crashed as well at the very same moment.

    It's hard not to see huge corelation between those two. Wouldn't you agree?

    ps. you may also find my recent post interesting :).

    Cheers, Piotr

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