Tesla’s Bitcoin Blunder: How Selling at $20K Could Haunt Elon Musk’s Crypto Empire Forever
Ever wondered how much Tesla might have cashed in if it had held onto its Bitcoin instead of selling it off during the 2022 crash? It’s like watching a blockbuster movie and walking out five minutes early—you miss the jaw-dropping finale. Back in early 2021, Tesla made a bold move, snapping up 43,200 Bitcoin for $1.5 billion as part of a savvy diversification play. They even accepted Bitcoin as payment for their cars—until environmental concerns threw a wrench in the gears. Fast forward to mid-2022, Tesla offloaded a whopping 75% of their Bitcoin holdings when prices hovered around $20,000—a decision that now looks like a stunning missed opportunity. With Bitcoin’s meteoric rise past $100,000 and even touching $122,000 recently, those digital coins would have ballooned Tesla’s portfolio to nearly $5 billion. Instead, selling early cost them billions in unrealized gains amid a tough quarter for their core auto business. It begs the question—should Tesla have held the line on Bitcoin, or was cashing out when they did the smarter play? Let’s dig into the details behind this crypto conundrum. LEARN MORE
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