10 billion! Bitcoin price risk from Tesla, Musk: Not much, but close.

Dave Lee tweeted about the price and value of Bitcoin held by Tesla. likeAccording to Dave Lee, Tesla had 42,069 bitcoins as of June 30, with a total value of $1.47 billion (about 9.5 billion yuan), down from $35,040 for the day.

News from July 29, Tesla Business

Tesla CEO Elon Musk tweeted that "bitcoin isn't everything, but it's close."This means that Tesla can hold up to 42,000 Bitcoins. Compared to June 30, the value of Bitcoin has increased, reaching $40,000 a piece, which would reach $10.9 billion at current prices.

Don't think Musk agrees and endorses Bitcoin. He originally had over 40,000 bitcoins at home. Tesla spent $1.5 billion to buy more bitcoins in February, when the price was well above the current $40,000. As a result, even with a net worth of over $10 billion at this point, Tesla is still in the red.

It can be said that Musk himself has shaken the value of Bitcoin several times. In February, Tesla bought bitcoin in bulk, giving hope to all traders, which directly drove bitcoin prices higher. to follow,Musk also reported that the price has risen several times since Tesla announced it would support bitcoin payments, hitting $60,000.

Bitcoin's continued rise has encouraged more traders. However, the good times didn't last long and Musk later tweeted that Bitcoin mining was no longer environmentally friendly and that Tesla no longer supported Bitcoin payments.Bitcoin fell overnight, many investors rushed to Musk's Twitter and berated him, with some investors forming a joint venture against Musk together and launching virtual currency "FuckElon" to attack Musk.

This practice did not last long and many countries around the world announced that they would strictly regulate Bitcoin. The state also announced that it would destroy all virtual currencies and clean and repair all bitcoin miners. After this show started, Bitcoin started falling more than once, with less than $30,000.

Traders are hesitant to continue supporting Bitcoin after watching it burst like a bubble. After this period of volatility, Bitcoin brought another uptrend and its value reached $40,000. It seems impossible to control Bitcoin as a whole, but without further ado, I think when Musk sells his Bitcoin investments.