Elon Musk asked his millions of Twitter followers if they would sell 10% of their Tesla stock. The question now is how to spend the profits. Bitcoin proponents Max Keiser and Michael Saylor have asked Elon Musk to sell 10% of his Tesla stock.
Musk to sell 10% of his Tesla stock?
In terms of his financial future, the CEO of the largest EV manufacturer in the world took a very unconventional approach. He reached out to his Twitter fan base of over a million asking whether 10% should be sold from his Tesla shares.
Many commenters speculated about the reason for his thoughts, but Musk suggested that it was because of recent discussions about tax avoidance or unrealized gains.
Twitter Poll by Elon Musk Source: Twitter
There are only a few hours before the poll’s deadline. As of writing these lines, the majority of responses are in favor that Musk sell 10% of his Tesla stock. This stock is valued at around $25 billion.
Musk added that he would “abide by the results, however it turns out.”
Saylor and Keiser – Buy Bitcoin
Musk is polarizing, regardless of your personal opinion. He attracts attention in all things he does. People were drawn to Musk’s post, which can determine the faith of $25 Billion.
Below the poll, the propositions on what he should do if the funds were sold varied widely. MicroStrategy CEO Michael Saylor was the one who liked it most.
According to his nature, the prominent BTC bull advised Musk to purchase $25 billion in bitcoin, and to convert Tesla’s entire balance to cryptocurrency. Saylor, whose company has more than $7 billion worth of BTC, believes that this would provide diversification, inflation protection and more upside for all investors, while also being tax-efficient.
Alternate strategies to consider if diversification is your goal are to convert the $TSLA balance to a #Bitcoin Standard, and purchase $25 billion in $BTC. This would provide diversification, inflation protection and more upside for all investors while being tax efficient.
— Michael Saylor
(@saylor), November 6, 2021
CryptoPotato also reached Max Keiser, the Keiser TV host and long-term proponent of bitcoin, who has previously spoken out against some of Musk’s past decisions regarding bitcoin.
Keiser reiterated his belief in “you don’t change bitcoin, but bitcoin changes you”. He also said that Musk had learned from his mistakes and “given away his dalliances with shitcoins”, referring to Musk’s affair with Dogecoin.
Keiser also stated that Tesla’s CEO is “ready to allow Satoshi to do to this corrupt, decrepit financial and political system, what we have not been able to do ourselves: Pull out the plug.”
Even though Musk’s chances of buying BTC with all his proceeds are slim, Keiser stated that if he does, he could be the “new Dr. Kevorkian” of finance.
“Let’s hope Elon follows up, buys his TSLA stock and moves the proceeds into Bitcoin, and kicks of a global rout on these Potemkin stock- and bond markets, that are killing us, with malfeasance and kleptocracy and hyperinflation.” – Keiser.
Marla Brooks – Financial Analysis
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