Why Elon Musk Selling Billions Of Tesla Is Bullish For Dogecoin!
Elon Musk is liquidating roughly 10 percent of his Tesla stock to pay taxes. He’s going to be receiving over $20 billion if you liquidate all the 10 percent of his Tesla shares. The man has said multiple times that he does not want to hold cash.
He is not a believer in cash. He wants to continue to push the narrative forward of what he can do in the boundaries that he can push. And he uses all this capital to continue to innovate and continue to push mainstream and human adoption.
Why use Tesla stock?
Elon Musk was taking to Twitter to ask if he should sell 10 percent of his Tesla stock, which is roughly over $25 billion, so he just has started selling. He has not liquidated the 10 percent yet.
He is going to be left over with some of a lump amount of money, probably in the billion dollar range. And that could go into cryptocurrency, as he has said multiple times that he is and that he is a believer that inflation is here to stay.
Why does this makes bullish on Dogecoin?
Much is made lately of the unrealized gains being a means of tax avoidance. Do you support this? With 58 percent saying yes and 42 percent saying no. Now I bring back to you. Do you want Tesla to accept Dogecoin? 78 percent said yes and look 3.9 million votes. 3.5 million votes.
Elon Musk is a man of his word, and I do believe that once again we are seeing the power of Elon Musk. He is going to deliver on Tesla accepting Dogecoin in the immediate short term. And this Twitter poll right here should give you all of the bullishness that you need to know that you want Musk and Tesla still working on accepting Dogecoin.