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by vmception
1885 days ago
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A) Tesla Inc's own purchase of bitcoin's were traded at a profit, this has nothing to do with bitcoin they earned from people buying cars with bitcoin. That's not a pivot from anything. B) Voluntarily disclosing you are buying something, which Elon and Tesla Inc did, has nothing to do with selling it. There is no regulation in the securities or futures market that would have changed that. You are suggesting a fictional higher standard exclusively for cryptocurrencies. In the securities market, disclosure for all trades exists when the owner is more than 5% or 10% of the total supply. There is no regulation that would have applied here even if crypto was regulated like securities or futures, except possibly the disclosure that they bought bitcoin into the company balance sheet because in 2020 that would be considered a material change for any equity investor. They filed the 8-K and posted on twitter to avoid non-disclosure scrutiny, and they get a nice pump out of it from people that derive their confidence in cryptocurrencies from S&P 500 CEOs. C) You, again. Creating negative conflated conclusions for benign crypto topics, again. Why do you do that? There is a mild chuckle to be had about Tesla goosing earnings by flipping their bitcoin within a quarter, but adding all that extra fluff onto it? Why? |
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