Tesla transfers 770 million bitcoins, is it really going to sell? The impact is only half of the German government!
This morning, there was news that Tesla transferred $770 million worth of bitcoins to multiple new addresses for the first time in two years, and this move caused heated discussions in the market. CryptoQuant CEO Ki Young Ju poured some cold water on this: Even if Tesla chooses to sell these bitcoins, its impact will only be slightly higher than the level of the German government selling half.
You know, the German government actually made $816 million from selling bitcoins before, and Tesla's current book profit is only $515 million. In other words, even if Musk decides to clear his position, it is not as terrible as everyone imagines, and the market has already seen bigger waves.
The Bitcoin market has experienced the appearance of giant whales many times, and this time will still be no exception! Are you ready? Seize the opportunity, follow Lao Lin closely, the future is just around the corner!
