Crypto skeptic urged Tesla to sell positions in bitcoin

Electric vehicle maker Tesla, which has invested $ 1.5 billion in bitcoin, is being urged to sell off digital assets. The decision of one of the largest companies in the world to support …

Electric vehicle maker Tesla, which has invested $ 1.5 billion in bitcoin, is being urged to sell off digital assets. The decision of one of the largest companies in the world to support the cryptocurrency has caused a positive response in the Internet community. And it also made a profit, giving a greater result than the sale of cars under the Tesla brand over the past year.

Since the purchase of Bitcoin, Tesla’s share price has dropped by a third. Another key investor, MicroStrategy, has similar results. Against the background of such a recession, the voices of crypto skeptics began to be heard louder and louder. One of them, Gary Black, the former head of Aegon Asset Management, believes that the majority of Tesla shareholders will support Elon Musk if he announces the sale of BTC and the launch of a share buyback mechanism.

Not all shareholders agree with Black. One of the users noted that on the contrary, he would like to see more investments in bitcoin – investments in growth – that increase the capital of the company, and therefore the owners of the shares.

It is noteworthy that Elon Musk himself previously noted a high concentration of wealth in one hand, using the example of Dogecoin. Then the billionaire called on the large holders of Dogecoin to get rid of the excess volume of digital savings, promising them a monetary reward.

Recent trends suggest that companies are unlikely to heed Gary Black’s advice. So, the IT giant from China, Meitu, announced the purchase of bitcoin and ethereum. Meitu became the first publicly traded company to invest in ETH.

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