September 30, 2022

Michael Saylor and Max Keiser Explain the Potential Benefits of Elon Musk Converting Tesla Shares to Bitcoin

3 min read

Elon Musk has actually asked his millions of Twitter fans whether to offer 10% of his Tesla stock. The question is what to do with the proceeds, and bitcoin advocates, such as Michael Saylor and Max Keiser, have actually discussed the advantages if he chose to buy BTC with the money.

Musk to Sell 10% of His Tesla Stock?

The CEO of the world’s biggest EV maker took a rather unorthodox method in regards to his monetary future. He asked his multi-million fan base upon Twitter whether he should sell 10% of his personal Tesla shares.

While numerous in the comments have actually hypothesized on what could be the genuine reason behind his reflection, Musk argued that it’s since of the current conversation about tax avoidance and latent gains.

Elon Musk Twitter Poll. Source: Twitter
< img class=" wp-image-149886 "src= ""alt ="Elon Musk Twitter Poll. Source: Twitter"width="815" height=" 450 "srcset=" 886w, 300w, 768w, 50w"sizes="(max-width: 815px)100vw, 815px "/ > Elon Musk Twitter Poll. Source: Twitter With just a couple of hours left until the poll’s due date( as of writing these lines ), most of responses favor Musk undoubtedly selling 10 % of his Tesla stock, which is estimated to be worth around $25 billion.

Furthermore, Musk later included that he will “comply with the results of this poll, whichever way it goes.”

Saylor and Keiser: Buy Bitcoin

Regardless of personal opinions on Musk, he’s a polarizing figure that brings in attention whatever he does. And, such a post that can decide the faith of $25 billion certainly gathered individuals’s attention.

The propositions listed below the poll on what he ought to do with the funds if sold varied extremely. Among the most liked ones, though, originated from MicroStrategy’s CEO – – Michael

Saylor. The popular BTC bull, staying real to his nature, encouraged Musk to consider acquiring $25 billion in bitcoin and also transform Tesla’s whole balance sheet to the cryptocurrency. Saylor, whose company currently owns more than $7 billion in BTC, believes this relocation would “provide diversity, inflation defense, and more upside for all financiers in a tax-efficient way.”

( @saylor) November 6, 2021 CryptoPotato also connected to Max Keiser, the host of Keiser TV and long-term bitcoin advocate, who has actually spoken versus a few of Musk’s decisions in concerns to bitcoin in the past.

Keiser repeated his belief that “you do not change bitcoin, bitcoin modifications you” and included that Musk has actually learned from his previous mistakes and “given up his dalliance with shitcoins” – – referring to Musk’s love affair with Dogecoin.

Additionally, Keiser added that Tesla’s CEO seems “prepared to let Satoshi do to this decrepit, decomposed, corrupt financial and political system what we have been not able to do ourselves: Pull the plug.”

Although the chances of Musk indeed buying BTC with all of his proceeds appear rather slim, to say the least, Keiser asserted that the billionaire might end up being the “brand-new Dr. Kevorkian of finance” if he certainly does this.

“Let’s pray Elon follows up, offers his TSLA stock, moves the profits into bitcoin, and kicks off an international thrashing in these Potemkin stock and bond markets that are eliminating us with impropriety, kleptocracy, and run-away inflation.” – – Keiser noted.