watchnerd wrote: ↑Sun May 16, 2021 5:32 pm
I think it's no lose for him.
1. Keep ESG status rating by dumping "un green BTC"
2. Introduce BTC FUD that provides opportunity for a new option to take its place
3. Pump up DOGE by monetizing his fan base
4. Tesla takes DOGE payments
5. Tesla gets a bunch of new capital at virtually zero cost
I wouldn't be shocked to see BTC drop to $35k during the summer.
He must be playing some 4D chess, because, at quick glance, it makes no sense...
Tesla acquired BTC at the beginning of February, at around 45K. Why just get rid of 10%, at a profit, then go on a hate campaign on Twitter, thus shooting down BTC value, if your goal is to benefit? The price right now is hovering around the same mark and if news coming out of them selling, it will probably drop even further, putting their position in the red.
I understand some folks here want to see some obvious, simple financial gain here, but the facts so far don't line up with that hypothesis. There must be some other intent we're not really privy to.
Also, if Tesla was to buy DOGE, why would they pump beforehand, instead of simply acquiring rapidly, before having to declare anything?
1- Take position in DOGE.
2- Have Elon then start a love campaign and involve himself in the community. Price goes up.
3- Profit by selling small parts, as needed, to pad results numbers.
That would make more sense.