Tesla transferred all 11,500 bitcoins it holds
Musk has gone big this time! Tesla sold all 11,500 bitcoins it holds, which is not a small amount, equivalent to emptying the family's assets.
This is something that no one expected when Musk supported Bitcoin and asked Tesla to accept Bitcoin payments. At that time, many people were excited and thought that Bitcoin was going to soar to the sky. What was the result? Musk directly "abandoned" Bitcoin this time.
This operation is really confusing. Is it that Bitcoin has risen too high in recent years and Musk doesn't like it? Or is Tesla short of money and urgently needs to recover funds?
No matter what the reason is, Musk's move this time is undoubtedly a cold water on the Bitcoin market. The price of Bitcoin fell in response, and many investors were dumbfounded.
Musk has been a "big shot" in the cryptocurrency market in recent years. He supports Bitcoin, falls in love with Dogecoin, and plays NFT again, causing chaos in the market.
This Bitcoin sell-off once again proves Musk's "willfulness" and "unreliability".
This is also a good thing. At least it can make those who blindly pursue Bitcoin sober up and not think that Bitcoin is a "god"-like existence. It is just an investment tool.
As for Musk, he may just want to change a new toy to play with. After all, his wealth and influence allow him to play with the capital market as he pleases.
