Short answer: Yes.
When we know that just a month ago Tesla transferred more than $750 million to anonymous wallets, this is cause for concern.
In 2020, the price of Bitcoin fell due to a tweet from Elon Musk explaining the reduction of reliance on Bitcoin for Tesla, and then in 2021 we were surprised that he invested $1.5 billion in Bitcoin!
Despite suffering a huge loss in 2022 during the Bear Market estimated at around $120 million, he quickly doubled his profits and increased his investments in Bitcoin.
Now the US is moving towards creating a strategic reserve of BTC and Elon Musk will definitely have a role in this. When Elon Musk talked about XRP, the situation changed and when he talked about Dogecoin, the market situation also changed and it became one of the currencies with which you can buy a Tesla car.
Finally, when any decision is made regarding Bitcoin, this small market changes upside down.
