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A comment on El Salvador abandons Bitcoin as legal tender after failed experiment. Parent comment

Re:El Salvador abandons Bitcoin as legal tender after failed... by XorNot on Monday February 03, 2025 @10:56PM (#42927699)
No it's that billionaires mostly aren't worth their estimated net worth in actual cash.

If Elon Musk wanted to turn his Tesla holdings into cash, then his estimated net worth of $436 billion dollars would very rapidly not be worth anywhere near that much (i.e. probably by at least an order of magnitude).

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Re:El Salvador abandons Bitcoin as legal tender after failed... by positr0n on Tuesday February 04, 2025 @05:01PM (#42939540)
Are you claiming TSLA is fundamentally worth less than $43.6B, and the mere fact that Elon owns 23% of TSLA shares is worth four hundred billion dollars?

I know that selling 23% of a company in one go would move the market, but a 90% haircut would be bonkers.

Or are you claiming TSLA is special, and the haircut would be 90% just for Elon and just for TSLA because that particular stock is super overvalued due to his celebrity and reality distortion field? That seems a little more believable, but this was a discussion on net worth of generic billionaires to start.

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