read.cash is a platform where you could earn money (total earned by users so far: $ 842,205.70).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Takes one minute, no documents required
Elon Musk selling Bitcoin, Is There Another Reason
You heard about the recent news regarding our Famous and everyone's dear Entrepreneur 'Elon Musk'. His anti-movement against Cryptocurrency. Well, it wasn't an anti-movement but when you are such a great personality even where you poop can be a headline and many will make different irrelevant meanings of it, lol. Jokes aside. The news is that he sold 75% of Bitcoin but this is not correct information rather Telsa company sold 75% of Bitcoin. Elon is the CEO of Tesla and so we can say he sold BTC but he can't be the one to make such a big decision without other head members.
So, let's just say Tesla sold 75% of BTC left, and let me remind you in April month Tesla sold 10% of their BTC holdings. So do the math and you can see they have little bit of BTC left.
Now you must be thinking about what happened to this super active vocal crypto bull who manipulated the whole market for some months. That his company took such a U-turn in this negative market. Well, he has stated on behalf of the whole company that they are ready to accept crypto and increase their BTC holdings in the future. But for now, as his company, Tesla promotes speeding up the transaction of renewable energy and thinks that having tied with BTC isn't good for their belief and reputation as Bitcoin is still not that environment eco-friendly for what Tesla is looking for.
Somebody just introduce Tesla or Elon Musk to Bitcoin Cash I'm sure seeing the energy consumption of BCH will surprise his beliefs over the heavy consumption of energy by Cryptocurrencies not to mention the low fees and fast transaction feature.
Still, I'm very impressed that the Crypto market hasn't lost the small positive movement that it was following for a few days even after hearing such negative news from a big company and personality. It shows that the days of Elon's influence are over in Crypto, finally, he may be a great Businessman or Entrepreneur but he was doing and making lots of unnecessary influence in the crypto market by promoting meme coins just like an average YouTube or Instagram influencer. By this time, I think a majority of you know that Elon's words aren't that valuable for Crypto advice.
Lol, I was having different thinking over this BTC selling that as an interested Crypto enthusiast those sold BTC are of Elon's shares on behalf of the company to avoid taxation and all which every businessman do use their company to avoid taxation for their assets, haha. And he is trying to attain some money to spend on the case of Twitter Deal, lol. I know this sound absurd as he has enough daily earnings to fight and pay for lawyers in that case. But if he loses the fine can be huge. And so I think he is taking necessary precautions.
As back in few months ago when the Twitter Deal happened I immediately thought that Elon will do something to decrease the price of the deal and at last he did. These absurd thoughts became true. So this time I am sharing it.
Right or Wrong doesn't matter as I am not winning 1000 Bitcoin Cash for predicting the hidden reason. Woah that amount would be awesome for me, haha.
Or there can be another solid reason that he is looking for an Eco-friendly Cryptocurrency without any restrictions. This one seems correct for his personality.
Still, his love for Dogecoin is there and beware guys take profit or leave or don't mind Memecoins. Rest let me remind you there's one organization named Micro Strategy they are buying BTC in every dump probably more than 128K BTC. Lmao, I think they are overdoing it now.
Note:- These are just my thoughts and opinions not intended to defame anyone or anything.