2/29/2024 0 Comments Twitter elon musk bernie sanders![]() And history has taught us just how easy it is to blame politicians when constituent attitudes toward the economy are overly pessimistic, as a recent Axios podcast discussed.Ĭrypto supporters just see a different solution. Despite unemployment recently hitting a pandemic low due to job growth under President Joe Biden, much of the country is still under a cloud of economic pessimism. Sanders is employing his classic ideology that taxing billionaires will provide the money that struggling Americans require as prices rise. However, when we consider this in depth, it starts to make sense. It might seem ironic that in a debate between a billionaire CEO and a politician about taxing the rich, Bitcoin ends up as the winner. With rising consumer prices, some critics have even called the credibility of the Fed into question. It’s an asset that also helps investors distance themselves from a government they may be struggling to trust. That’s why Bitcoin Magazine’s Jerry Goddard continues to advocate for Bitcoin as a portfolio-saving investment. As we start to see a recovery, fears of inflation - and consumer prices - are on the rise. Underpinning this trend is the fact that, during the pandemic, the government pushed cash into the economy to keep things afloat. This comes as consumer prices jump by record amounts and the Federal Reserve preps to start tapering. However, interest in BTC and other so-called inflation hedges is picking up in recent weeks. In fact, it largely fueled the rise of BTC to all-time highs through 2020 and into this year. The argument that Bitcoin is a hedge against inflation is certainly not new. So what does this all mean for investors? Now think about the fact that I'm actually describing the US dollar. It wouldn't pass the shitcoin giggle test. Imagine a crypto where the supply increased 4x without input from the community. #BitcoinĬameron Winklevoss, founder of the Gemini exchange and one of the most powerful voices about Bitcoin, backed her up. Hey if the govt wasn’t stealing from the middle class/poor for decades through the inflation tax, you wouldn’t need to go after people like You folks in DC create the problems & moral hazards then blame others and falsely claim to be prophets. Take for instance crypto influencer Natalie Brunell, who has over 90,000 followers and chimed in to hint that Bitcoin was the solution. Why? Bitcoin bulls see the leading cryptocurrency as a solution to inflation, a symptom of what they see as economic problems that go far beyond Musk’s wealth. It seems Sanders’ dismissal of billionaires struck a chord with many cryptocurrency supporters. Plus, the recent debut of Rivian (NASDAQ: RIVN) has brought meaningful attention to the world of electric vehicles.įor investors then, there’s a much more relevant theme that emerged from the Twitter spat. Sure, a near-term drop in shares briefly took the company’s market capitalization below $1 trillion, but TSLA bulls will continue to push ahead. More recently Burry implied in a now-deleted tweet that it may be because he just wanted to sell TSLA.īut so far, the conclusion is that Tesla stock will exit this saga relatively unscathed. Some experts, such as Burry, have suggested that Musk has other reasons for selling stock, such as needing to cover personal debts. ![]() While the controversy that stemmed from Musk’s decision to offload shares based on a social media poll caused TSLA to fall last week, Tesla stock has rebounded today and is currently up by 3%. The Tesla CEO closed out last week selling roughly $6.9 billion in shares, and offloaded another $930 million yesterday. Sanders never responded to Musk’s question about selling Tesla stock, but he didn’t have to. His following voted that he should sell, and Musk did exactly that. Musk then proceeded to ask Sanders if he should sell more shares of Tesla stock after selling 10% of his shares following a Twitter poll. Musk, currently the world’s wealthiest person, was unable to resist taking a jab at Sanders, mocking him for his age. This exchange began with Sanders tweeting about one of his favorite things - billionaires needing to pay more taxes. Instead, the spat between Sanders and Musk led to an unlikely discussion about Bitcoin (CCC: BTC-USD) and the impacts of inflation.įor savvy investors, this means now could be the perfect time to buy BTC on the dip. However, it isn’t Tesla that investors should be paying attention to right now. As a result, many investors have been worried about the implications of this showdown on Tesla stock. The fiery volley has certainly drawn in many commentators (even Michael Burry of Big Short fame joined the brawl). TSLA) Model S is parked between rows of charging stations." width="300" height="169">
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