Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility

2022-12-31 18:30

Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss.

Musk’s personal fortune was at $340 billion on Nov. 4, 2021, which made him the richest man in the world.  On December 2022, Musk’s wealth fell to $137 billion and he got replaced by LVMH‘s Bernhard Arnault.

Musk’s electric car company Tesla lost 65% of its value in 2022, while Musk sold a significant portion of his assets to be able to purchase Twitter for $40 billion.

Tesla purchased 43,200 BTC for $1.5 billion in February 2022. The amount equates to $716,368,320 with the current BTC price that is lingering around $16,597 at the time of writing. Tesla’s total loss from its BTC investment is $873,631,680, which equates to 0.39% of Musk’s $200 billion loss.

The post Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility appeared first on CryptoSlate.

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musk volatility → Результатов: 18


If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates

Bitcoin, which reached an all-time high of $58,640 was trading at $47,078, after registering a 14% dip in price in the last 24 hours. The downward swing has had many speculating whether Elon Musk, whoThe post If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates appeared first on AMBCrypto.

2021-2-24 22:30


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