• Michael Saylor and Max Keiser Discuss the Advantages of Elon Musk Converting Tesla Stock to Bitcoin

  • Elon Musk has asked his millions of Twitter followers if they want him to sell 10% of his Tesla stock. The question is what to do with the proceeds, and proponents of bitcoin, such as Michael Saylor and Max Keiser, have urged the world’s richest man to purchase BTC.

    Musk to sell 10% of his Tesla stock?

    In terms of his financial future, the CEO of the world’s largest EV manufacturer took an unusual approach. On Twitter, he asked his multi-million-follower base if he should sell 10% of his personal Tesla shares.

    While many in the comments speculated on the true reason for his musings, Musk argued that it was due to the recent discussion about tax avoidance and unrealized gain.

    The majority of responses are in favor of Musk selling 10% of his Tesla stock, which is estimated to be worth around $25 billion.

    Musk went on to say that he will “abide by the results of this poll, whichever way it goes.”

    Buy Bitcoin, say Saylor and Keiser.

    Regardless of one’s personal feelings about Musk, he’s a divisive figure who draws attention no matter what he does. And, of course, a post that has the potential to decide the faith of $25 billion has piqued people’s interest.

    The suggestions below the poll on what he should do with the funds if they were sold varied greatly. One of the most popular came from MicroStrategy’s CEO, Michael Saylor.

    In keeping with his nature, the prominent BTC bull advised Musk to consider purchasing $25 billion in bitcoin and converting Tesla’s entire balance sheet to the cryptocurrency. Saylor, whose company already owns more than $7 billion in BTC, believes that this move will “deliver diversification, inflation protection, and additional upside for all investors in a tax-efficient manner.”

    If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a #Bitcoin Standard and purchasing $25 billion in $BTC. That would deliver diversification, inflation protection, & more upside for all investors in a tax efficient manner.— Michael Saylor⚡️ (@saylor) November 6, 2021

    Max Keiser, the host of Keiser TV and a long-time bitcoin supporter, has previously spoken out against some of Musk’s bitcoin decisions.

    Keiser reiterated his belief that “you don’t change bitcoin, bitcoin changes you,” and added that Musk has learned from his mistakes and “given up his dalliance with shitcoins” – a reference to Musk’s love affair with Dogecoin.

    Furthermore, according to Keiser, Tesla’s CEO appears to be “ready to let Satoshi do to this decrepit, decayed, corrupt financial and political system what we have been unable to do ourselves: pull the plug.”

    Although the chances of Musk buying BTC with all of his proceeds appear to be slim, Keiser asserted that if Musk does this, he will become the “new Dr. Kevorkian of finance.”

    “Let’s pray Elon follows up, sells his TSLA stock, moves the proceeds into bitcoin, and kicks off a global rout in these Potemkin stock and bond markets that are killing us with malfeasance, kleptocracy, and hyperinflation.” – Keiser noted.

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