On July 21, according to Tesla’s second-quarter 2022 financial report, the company sold $936 million worth of bitcoin this quarter, accounting for 75% of its bitcoin holdings. In response, Tesla CEO Elon Musk said on Tesla’s earnings call that Tesla sold bitcoin to improve its cash position and that selling cryptocurrencies “is not a ruling on bitcoin.” He also said that he is open to increasing his bitcoin holdings in the future. Musk believes that Tesla’s goal is to accelerate the arrival of sustainable energy, and that cryptocurrencies are “a secondary event within a secondary event.” Additionally, Musk said that Tesla is not selling Dogecoin.
In this regard, some professionals believe that Tesla's sale of Bitcoin may be just a normal flow of funds, and it does not prove that Bitcoin is not optimistic. "Cryptocurrency has its unique value and is not affected by personal behavior."
In fact, in recent years, cryptocurrencies led by Bitcoin have experienced many twists and turns, but they have not affected their normal development. Some related platforms have instead made profits, such as CoinSwitch, WazirX, TREX Global, etc.
It is understood that CoinSwitch was established in 2017
It is now India's largest crypto app with millions of users and more than 500 employees. They're backed by some of the world's leading investors including a16z, Tiger Global and Sequoia Capital.
WazirX is one of India’s cryptocurrency exchange, you can buy, sell, and trade Bitcoin, Ethereum, Ripple, Litecion and more crytocurrencies in India.
TREX Global International Co., Ltd. (TREX Global for short) is an international top global financial service broker. TREX Global support to global investors online trading with crytocurrencies, Foreign exchange, cryptocurrencies,Precious metals, Stock indexes, Crude oil and other diversified global financial symbols in 24h.
Since its inception in 2008, TREX Global has been highly favored by investors. It has grown into a large and well-known international investment company and become a true leader in the investment industry.
TREX Global has won widespread recognition among clients for its excellent products and services for years, for which it has received many honors and awards
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