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‘I might pump but I don’t dump’: Elon Musk says he plans to hold bitcoin long-term⁠—here’s why that could be a good strategy

From cnbc.com

Despite his recent criticism of bitcoin mining and its environmental impact, billionaire Elon Musk confirmed that he personally owns the cryptocurrency and has held it long-term. Though he didn’t specify exact amounts, Musk shared that bitcoin is his largest cryptocurrency holding, above ethereum and dogecoin, on Wednesday during “The B-Word” conference. The Tesla and SpaceX CEO also said he has no plans to sell any of his bitcoin anytime soon. “If the price of bitcoin goes down, I lose money. I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling or anything like that,” ... (full story)

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  • Category: Fundamental Analysis