Michael Saylor to Musk – Buy $25 Billion in Bitcoin From Potential Proceeds of Tesla Stock Sale
I’d take Saylor’s advice when it comes to Bitcoin if I was Elon, the profit to be made would be stellar
MicroStrategy’s Michael Saylor Tells Elon Musk To Buy $25 Billion in Bitcoin From Potential Proceeds of Tesla Stock Sale
“MicroStrategy head Michael Saylor is advising Elon Musk to convert the proceeds from the potential sale of the Tesla CEO’s shares in the electric carmaker into Bitcoin (BTC).
Saylor says Tesla would incur various benefits from buying $25 billion worth of Bitcoin, an obtainable amount from Musk’s probable sale of 10% of his shares in the innovative car company.
‘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, and more upside for all investors in a tax-efficient manner.’
Saylor’s advice comes after Musk polled his Twitter followers on whether he should sell a portion of his equity in Tesla.”