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/biz/ - Business & Finance

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29653614 No.29653614 [Reply] [Original]

>tesla sells 1.5 billion of bitcoin
>price immediately drops to 45k
Did elon cause the new bear market?

>> No.29654073

>>29653614
>Did selling off ~0.15% of the total market cap cause it to retrace 15%?
No anon, it did not.

>> No.29654135

>>29653614
He's way, way more powerful than I thought
He's able to pump and dump BTC openly with zero repercussions

>> No.29654170

Tesla didn't sell their bitcoin though, they had nothing to do with the dip

>> No.29654898
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29654898

>>29654073

>> No.29654988

>>29653614

>oh no crypto is volatile

kys

>> No.29655053

>>29654170
One tweet anon, one tweet and he fucks us all. The BTC cap is inflated by a recent army of normies who follow his every whim religiously.

>> No.29655229

>>29653614
he will get priced out and make bobo memes on twitter

>> No.29656083

>>29653614
Even if that were the case, which it isn't, that wouldn't case a bear market. If anything it would only extend the current bull run since the last days dips reset the NUPL a little bit and we're now further away from euphoria levels.
We could realistically see an 80k Bitcoin before reaching euphoria state now.