Tesla Dumping 75% of Its Bitcoin Doesn’t ‘Mean Much,’ Says the World’s Richest Crypto Billionaire – Here’s Why

Tesla Dumping 75% of Its Bitcoin Doesn’t ‘Mean Much,’ Says the World’s Richest Crypto Billionaire – Here’s Why


The CEO of Binance is weighing in after the news broke that electric vehicle maker Tesla unloaded the majority of its Bitcoin (BTC) holdings.

In a new interview with Fox Business, Binance head Changpeng Zhao tells host Neil Cavuto people shouldn’t read too deeply into Tesla CEO and crypto advocate Elon Musk cashing out of Bitcoin so heavily.

“He’s a smart guy but it doesn’t mean that he holds every valuable asset in the world. He probably doesn’t hold many other company stocks, many other valuable cryptocurrencies, etc.

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Just because he buys and sells some Bitcoin doesn’t mean that because he buys Bitcoin it got better, or because he sold Bitcoin it became worse.”

Here you go @cz_binance

Chatting with the lovely @teamcavuto pic.twitter.com/7Zqq1Ymubf

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