Finance News
By Steven Anderson
1 / 9
Tesla selling their digital assets is an interesting Bitcoin news. In the Quarterly earnings report for Tesla, if you go and look at the Tesla earnings report it is in…
2 / 9
Reportedly, the proceeds from the sales of digital assets shows some 272 million. This is just proof of that even if institutions are going to buy BTC, they are not always going…
3 / 9
This does not mean that institutions are to be blamed for creating a certain belief system. Not really.
4 / 9
This is clear evidence that will also be something that institutions occasionally sell.
5 / 9
Elon Musk has reportedly tweeted that he has not sold any of his Bitcoin, but Tesla has sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to…
6 / 9
Thus, the myth that institutions will not sell BTC is simply not true. Institutions coming to the market in reality is expected to diminish volatility as it has been seen before.
7 / 9
At times, they will. And, it does not mean that BTC is still not worth. It is just clear that some of the narrative that institutions will buy and hold BTC for 20 and 30…
8 / 9
However, there is no denying that some institutions like Microstrategy appear to be like they don’t want to sell it, by looking at the many interviews; however, several of the…
9 / 9
As Elon says, they might do the selling to “prove liquidity of the Bitcoin” as an alternative to holding cash on Balance sheet.
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