I’m thinking Elon is definitely not selling those coins. He might do something crazy like swap to wrapped Bitcoin or even stake them for some yield, maybe even in Trump’s DeFi project. Sounds wild, right?
Tesla’s Bitcoin Move: What's Really Happening?
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Totally agree. Just look at that pic of him laughing! No way he’s dumping now. He knows how to play the market. My bet? He’s gearing up to pump some altcoin, not Trump's project though, that’s too sketchy.
I'm just skeptical, why would Tesla move all that Bitcoin to a different wallet? Feels like there's more to this story. Maybe they just wanted to remind us how rich Elon is.
Could it be hacked? Just kidding... Seriously though, I doubt it’s a big deal unless something shady happened. Gov's probably keeping an eye on it, especially if Tesla sells for a profit.
shard_2013Full Member
Posts: 634 · Reputation: 287
#5May 21, 2018, 08:10 AM
The fact it went to an unknown wallet instead of an exchange might mean they're not selling. If they are done with Bitcoin, that’s a better look than past manipulations.
It feels like a transfer to a secure wallet. This new wallet looks like a cold storage. Big players like Tesla make these moves public, probably just to stir the pot.
Haha, good point! Elon is unpredictable, so who knows? Maybe he’s cooking up something bigger. Swapping and staking sounds like a real boss move.
Honestly, I wouldn’t mind if he sold off. He’s done enough damage to BTC already. Small investors still think he’s a big deal though.
So Tesla still has Bitcoin from 2021 sales? I remember they sold some before. But honestly, I think this wallet move is more about avoiding government snooping.
As long as those Bitcoins are just moving around within Tesla’s wallets, no taxable event happens. Still, the unknown ownership of the wallet is kinda odd.
True, this could be a strategy to manipulate Bitcoin's price. Elon’s influence isn’t what it used to be, especially after that whole incident with Tesla and Bitcoin payments.
hypertokenHero Member
Posts: 32 · Reputation: 2105
#12May 22, 2018, 03:42 AM
People have definitely lost trust in him since 2021. But there are still followers who hang on his every tweet. Some are just waiting for the next big move.
bit_sat05hiNewbie
Posts: 22 · Reputation: 1
#13May 22, 2018, 04:04 AM
Yeah, Elon could’ve moved them anytime he wanted. I don’t think it’s a big deal, even though many investors might feel uneasy about such a massive transfer.
No reason to panic. It could just be an internal wallet transfer. And if Tesla sold, the market would probably absorb it just fine. Bitcoin is stronger than that now.
bridge_2014Senior Member
Posts: 140 · Reputation: 870
#15May 22, 2018, 11:08 AM
Why knock those who want to stake or provide liquidity? I’m just waiting for another one of Elon’s tweets to see how the market reacts.
It could mean a lot of things. But I honestly think Tesla's selling wouldn’t shake the market much. They’ve lost their grip on market sentiment.
Many are shocked by the recent transfer, but it’s unclear if they’re selling or just moving assets. Speculating about Trump’s DeFi project seems a bit far-fetched.
Companies like Tesla have to report their financials quarterly. They can’t just avoid government oversight. They need support to keep their business running.
wallet2017Member
Posts: 111 · Reputation: 63
#19May 23, 2018, 01:42 PM
Not worried about this transfer. Elon’s always been unpredictable. He’s not your average businessman, and honestly, we shouldn’t be surprised by his actions.
I doubt those Bitcoins are from car sales. Tesla bought a bunch before and sold a lot already. What’s left is probably just a fraction of their investment.