Elon Musk lets Twitter polls decide whether he should sell Tesla stock worth $20 billion — Investors recommend buying Bitcoins — News Bitcoin News


Tesla and Spacex CEO Elon Musk asked his Twitter followers whether he should sell his Tesla stock. He also promised to abide by the results of the polls. Many people urge Musk to sell his Tesla stock and invest his money in cryptocurrencies, especially Bitcoin.

Elon Musk asked Twitter fans to decide whether to sell his Tesla stock; most said yes

Tesla CEO Elon Musk launched a poll on Twitter on Saturday, asking his 62.7 million followers to decide whether he should sell 10% of Tesla’s stock. “Recently, a lot of unrealized gains are a means of tax avoidance, so I recommend selling 10% of Tesla stock. Do you support this?” Musk wrote on Twitter.

In a follow-up tweet, he pointed out that he “will not receive cash salary or bonuses from anywhere” and emphasized that “I only have stocks, so the only way for me to personally pay taxes is to sell stocks.” The Tesla boss also promised:

Regardless of the result, I will abide by the results of this poll.

Elon Musk asked Twitter polls to decide whether he should sell Tesla stock worth $20 billion - investors recommend buying Bitcoin

Musk’s opinion polls have aroused widespread media attention. It received more than 3.5 million votes, of which 57.9% said “yes”. The tweet has been liked 1.115 million times and reposted 22,100 times.

Friday, Congress pass through The 1.2 trillion U.S. infrastructure bill cuts a fiercely debated unrealized capital gains tax plan for billionaires. This part of the bill has been split into a single $1.9 trillion bill, which will be voted on later.

According to the list of Forbes billionaires, this Tesla boss is now the richest person in the world with a net worth of at least $318.4 billion. He tweeted a few criticize Bills of the past few weeks.

Many Bitcoin enthusiasts joined the voting theme and expressed their opinions to Musk.Many people suggest that Musk should use the proceeds from the sale of his TSLA stock Buy bitcoinFor example, Microstrategy CEO Michael Saylor suggested: “If the goal is to diversify, an alternative strategy that can be considered is to convert the TSLA balance sheet to Bitcoin standards and purchase $25 billion BitcoinThis will provide all investors with diversification, inflation protection and more benefits in a tax-efficient manner. “

Former Tesla employee Michael Rihani is now the head of cryptocurrency products at Jack Dorsey’s company Square Inc., and he tweeted to his old boss:

Yes, sell to get $10B+ USD and use it to buy Bitcoin. You will turn 10B+ USD into 100B+ USD, and you can use the proceeds to (1) increase your chances of completing Tesla and Spacex missions, and (2) help more people and countries.

Some of Musk’s followers hope that Tesla billionaires will put some money into the memetic cryptocurrency Dogecoin.Musk, also known as Dogefather, has long been supporter DOGE calls it “the people’s cryptocurrency.”He recently revealed that he personally owns Three cryptocurrencies: Bitcoin, Ethereum and Dogecoin.

However, not everyone is satisfied with the polls. Some people worry that selling Musk’s 10% position in Tesla will push the price of TSLA stock down on Monday morning. Others think it is a bad idea to let Twitter users decide what to do with so much wealth.

Ron Wyden, the U.S. Senator and chairman of the Senate Finance Committee, responded to Musk’s poll on Saturday night:

Whether the richest person in the world pays any taxes should not depend on the results of Twitter polls. It’s time for billionaire income tax.

Last week, Musk supply If the world hunger problem can be solved, he will sell his Tesla stock. In response to the comment of the Director of the United Nations World Food Program​​(WFP) that his 2% wealth can solve the problem of world hunger, Musk wrote: “If the World Food Program can accurately describe 6B dollars in this Twitter post How to solve the world hunger problem, I will sell Tesla stock now, and then do it.” However, he emphasized: “But it must be open source accounting, so that the public can accurately see how the money is spent.”

Musk’s shareholding ratio in Tesla 170.5 million shares As of June 30. According to Tesla’s current stock price, selling 10% of his stock will reach approximately $21 billion.

What do you think of Elon Musk’s Twitter poll? Also, should he use the sales proceeds to buy Bitcoin? Let us know in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. Neither the company nor the author bears direct or indirect responsibility for any damage or loss caused or claimed to be caused by the use or reliance on any content, goods or services mentioned in this article.





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