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Re:$365B wiped off cryptocurrency market after Tesla stops a... by capableweb on Thursday May 13, 2021 @02:58PM (#27145904)
> It is incredibly hard to image that the upside in Musk's personal Bitcoin stake, whatever it is, is anywhere close to approaching his personal stake in Tesla. Something like 70% of his net worth is Tesla stock. It would be unbelievably stupid to jeopardize the value of the Tesla stock to pump up the value of his Bitcoin holdings.

I think it's fair to suspect something here though, and question Musks behavior these last few years. Yes, originally he wanted to save the world with Tesla and also find a new world with SpaceX (at least that was the outspoken goals), but his current dealings that skirt on legality of things, gives another side of him.

Some people who seemed to be driven by the goodness of their heart ends up chasing the same money-dragon as many before them. It's not impossible.

Re:$365B wiped off cryptocurrency market after Tesla stops a... by slg on Thursday May 13, 2021 @03:03PM (#27145990)
I am not judging the goodness of his heart or whatever. I am simply stating that this theorized plan of him using Tesla as a pawn to increase the value of his Bitcoin holdings is both an idiotic plan and one that there is no evidence of actually existing. The only reason anyone would believe it is because they are forsaking critical thinking in favor of their bias against Musk that exists for both legitimate and illegitimate reasons.
Re:$365B wiped off cryptocurrency market after Tesla stops a... by dTal on Thursday May 13, 2021 @03:07PM (#27146028)
>seemed to be driven by the goodness of their heart

...we are talking about Elon Musk, right? The one who got rich founding the definitely-ethical, not-at-all-shady company PayPal? That Elon Musk?

Re:$365B wiped off cryptocurrency market after Tesla stops a... by stjohnswarts on Friday May 14, 2021 @02:31PM (#27157972)
You can both want to change the world (as much as you can) and make money. They aren't mutually exclusive no matter what Marxists will tell you.