Bitcoin hodler Elon Musk set to sell $ 23 billion in Tesla shares, Twitter survey finds

[ad_1]

Bitcoin (BTC) fan, Tesla CEO and world’s richest man Elon Musk says he will sell 10% of Tesla (TSLA) shares – if Twitter tells him.

In a Twitter poll on November 6, Musk entered the debate over U.S. tax policy by offering to test it with a sale currently worth $ 23 billion.

Twitter tells Musk to sell $ TSLA

US Treasury Secretary Janet Yellen caused a stir this year when she said the government should tax unrealized earnings as part of a plan to target “exceptionally wealthy” taxpayers.

Bitcoin supporters immediately opposed the proposal, as it involves calculations that are virtually impossible to apply to cryptocurrency, aside from moral concerns.

Musk, whose portfolio includes Bitcoin, Ether (ETH) and Dogecoin (DOGE), has avoided direct criticism, instead promising to sell 10% of his Tesla shares if the results of the investigation so require.

“I will respect the results of this poll, whatever it is,” he wrote.

He added that he was not receiving any “salary or cash bonus from anywhere” and thus the sale would be his only taxable event.

At the time of writing on Sunday, 57% of the 3.2 million survey respondents said it should proceed with the sale – 19.3 million TSLA shares at $ 1,222 each, according to the price of Friday closing – a total of $ 23,582,600,000.

Elon Musk’s Twitter poll dated November 7, 3 p.m. UTC. Source: Elon Musk / Twitter A sale at the right time?

As Cointelegraph reported, recent gains in Tesla shares and the company’s $ 1.5 billion BTC have pushed Musk’s net worth to more than a quarter of a trillion dollars.

Related: Memecoin Named Elon Musk “Dogelon Mars” Gains Nearly 4,000% In October

In October, he warned of inflation, which he sees persist beyond the short term.

The economic decisions of the richest man in the world have already disrupted Bitcoin markets, most notably when Tesla halted Bitcoin payments for his vehicles due to the cryptocurrency’s environmental credentials.

As Cointelegraph noted, the documents show the door remains open for the decision to be overturned.

1 week TSLA candle chart. Source: TradingView

[ad_2]