#Tesla's data for the first quarter was recently published and a situation emerged in this data that shook #Bitcoin (BTC) investors.
✅Tesla Support to Bitcoin Price
Tesla, which recently bought $ 1.5 billion of Bitcoin (BTC) and was estimated to buy $ 38,000 BTC, was revealed to have sold $ 270 million of BTC in the first quarter. This situation, predictably, caused confusion among cryptocurrency investors, and everyone is talking about whether #Elon #Musk's faith in Bitcoin is over.
Tesla, with its investment of $ 1.5 billion, made the earnings that it would normally make from vehicle sales in just 1 month, but the BTC sale of $ 270 million was enough to cause concern. In addition, the statement made by the company last month that it was possible to make a Tesla payment with Bitcoin has also led to an increase in this confusion. Elon Musk clarified this issue from his personal account.
🔥Elon Musk Responds to Pump and Dump Claims for Bitcoin
Elon Musk responded to the allegations of #Barstool #Sport President #Dave #Portnoy and stressed that in fact not a single BTC was diminished from his BTC fund. Dave Portnoy claimed that Elon Musk bought Bitcoin and pumped it, then sold it when the price went up and made a fortune. Portnoy recently announced that he had bought 1 BTC and now criticizes Musk for this investment.
Musk responded harshly to these allegations and emphasized that Portnoy "did not get it right". Musk emphasized that only Tesla sold 10% of the BTCs he had, after stating that he did not sell even a single bit of his Bitcoin. Musk stated that this decision was taken to provide liquidity, despite the decision to keep Bitcoin in cash reserves.
🔥Dave Portnoy and the BTC Adventure
With this statement, Musk also revealed that he still trusts Bitcoin and does not sell individually. On the other hand, despite Dave Portnoy's investment of $ 1 million in crypto money in 2020, it is one of the most famous events in the industry that he sold and lost at the first panic. Although Portnoy stated that he will never buy BTC after this loss, he recently emphasized that he bought BTC again.
The fact that Portnoy made declining comments after buying BTC in the first panic mode did not go unnoticed. The BTC price is trading at $ 54,000 as of the time of this writing.