Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes
Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes
With merely hours to go, the results of a survey Musk says he will "abide by" demand that he sell 10% of his TSLA holdings.
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Bitcoin (BTC) fan, Tesla CEO and world's richest homo Elon Musk said he will sell x% of Tesla stock (TSLA) — if Twitter tells him to.
In a Twitter survey on Nov. vi, Musk entered the contend on United states of america tax policy past offer to exam it with a auction currently worth $23 billion.
Twitter tells Musk to sell TSLA
U.S. Treasury Secretary Janet Yellen caused a stir this year past arguing that the regime should tax unrealized gains as function of a programme targeting "exceptionally rich" taxpayers.
Bitcoin proponents immediately turned out against the proposal, as it implies calculations that are all but impossible to apply to cryptocurrency, bated from moral concerns.
Musk, whose portfolio includes Bitcoin, Ether (ETH) and Dogecoin (DOGE), avoided directly criticism, instead promising to sell x% of his Tesla stock if the survey results told him to.
"I volition abide past the results of this poll, whichever style it goes," he wrote.
He added that he receives no "cash salary or bonus from anywhere" and the sale would thus amount to his only taxable upshot.
At the time of writing Sunday, 57% of the survey's three.2 one thousand thousand respondents had said that he should go ahead with the sale — 19.iii million TSLA shares at $1,222 each, as per Fri's closing toll, a full of $23,582,600,000.
A timely sell-off?
As Cointelegraph reported, recent gains in both Tesla stock and the company's $1.5-billion BTC holdings pushed Musk's internet worth over a quarter of a trillion dollars.
Related: Elon Musk-named memecoin 'Dogelon Mars' gains almost 4,000% in October
In October, he warned over inflation, which he sees persisting across the brusk term.
Economical decisions from the earth's richest human being have previously unsettled Bitcoin markets, notably when Tesla halted Bitcoin payments for its vehicles over the cryptocurrency's environmental credentials.
Equally Cointelegraph noted, documents shows that the door remains open for the decision to be reversed.
Source: https://cointelegraph.com/news/bitcoin-hodler-elon-musk-should-sell-23b-of-tesla-stock-twitter-survey-concludes
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