Elon Musk reacted to the loss made by his electric vehicle company last Monday, which burned $ 15,2 billion. The Tesla sharesin fact, they recorded a drop of 8,6%. As a result, losses of $ 15,2 billion were recorded. This is the largest decline the company has ever seen since last September, when the stock market lost a third of its value, causing Tesla to drop by 21,1%.
Elon Musk is still optimistic about Bitcoin
Before going to press, Tesla's shares are still red as the Bear market continues to push down. The hypothesis is that this decline was partially triggered precisely by the billionaire's tweets about BTC and ETH, which thus reached too high a value, impossible to sustain at the moment.
However, Musk's previous tweets about Bitcoin suggest that the second richest man in the world boarded this train to stay long. Also echoing these sentiments is a CNBC analyst who says that despite the market's downtrend, Elon Musk will continue to strengthen his commitment to the world's # 1 digital currency.
At present, Musk has not yet released an official statement addressing Tesla's recent events. But when Peter Schiff (who supports gold) insinuated that Musk's choice to bet on Bitcoin could be wrong, Musk responded with a fairly eloquent emoji (that of the eggplant ...).
Despite everything, Tesla's ROI remains impressive
Just two weeks after the announcement of the purchase of Bitcoin, before taking this large loss, Tesla had already begun to round up all his earnings. In fact, the electric car company had already broken all previous records for cars sold in 2020. Thus accumulating an extra $ 1,5 billion in assets. As Anthony Pompliano states:
“Tesla bought $ 1,5 billion worth of Bitcoin for about $ 33.000. This means that they have now made over $ 1 billion on that investment in less than 45 days. Elon Musk is a legend ”.
However, the recent drop in Tesla's share price cost the billionaire the loss of his position as the richest man in the world to Amazon CEO Jeff Bezos. Meanwhile, the Bitcoin rally suggests a new and imminent market rally and Elon Musk could once again become the richest man in the world.
Furthermore, if the industry forecasts were to cause Bitcoin to reach a high value, it would be Satoshi Nakamoto himself who could claim his position as the richest man in the world.
With a Bitcoin at $ 50, Satoshi Nakamoto ranks twenty-seventh as the richest person on the planet. If Bitcoin reaches a value of 4 times higher, then it would be number 1.