As the price of Bitcoin continues to increase, the value of a certain high-profile BTC investment may have considerably risen since it was announced one month ago.
Crypto analyst Anthony Pompliano wrote on Twitter that: “Tesla bought $1.5 billion of Bitcoin around $33,000. That means they have now made over $1 billion on that investment in less than 45 days,” adding that “Elon Musk is a legend.”
However, Bitcoin bear Peter Schiff was quick to kill Pomp’s buzz with a reminder that “since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market.”
Since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market. So far the purchase is not working out for #Tesla shareholders. It’s not a profit until @elonmusk sells. So the jury is still out. Musk may be a legend, but then again so was Custer.
— Peter Schiff (@PeterSchiff) February 21, 2021
“So far the purchase is not working out for #Tesla shareholders. It’s…
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