In True Boomer Fashion, Elon Musk Caves, Tesla Sells Its Bitcoin

  • Elon Musk gets called ‘a Boomer’ thanks to Tesla’s latest decision. 
  • Tesla just sold 75% of its Bitcoin (BTC) holding. 
  • Presently, the brand owns over 10,000 Bitcoin (BTC).

Twitter is exploding with disbelief and flabbergasted laughter with the latest news about Tesla. In light of the steadily recovering crypto market, Tesla sold a huge chunk of its Bitcoin (BTC) holdings. This leaves the brand with over 10,000 Bitcoin (BTC) in hand. 

This move came as a surprise to many as it is looking like the crypto market is on the road to recovery after a cold crypto winter. Yet, Tesla decided to sell a big cut of its Bitcoin holdings. To this, many have expressed their disappointment in the brand and its CEO — Elon Musk. 

As we can see from the tweet above, one crypto fan in particular tweets their opinion about the matter. In particular, the user calls out Elon Musk on this move. To the user, and to many others, it seems very unusual. In fact, the user even throws out the phrase ‘OK booker’.

The phrase signifies that the user thinks of Elon Musk as someone who cannot think in the manner of the present and the future. Boomers are often ridiculed online for their ‘old-world views’. For a man such as Elon Musk, who holds a high standing in the technological sector, it is quite a slap to the face.

To specify, the tweet highlights how ridiculous it is for Elon Musk to be the richest man alive and still having panic sold Tesla’s Bitcoin (BTC). More so, the user is astounded that the Bitcoin (BTC) held was sold at a loss. 

In detail, Tesla seems to have sold 75% of its Bitcoin (BTC) holding this quarter. This share is worth about $963 million. Elon Musk is quite the character, in the eyes of many. For instance, he made the decision to spend billions on buying Twitter but gave up his Bitcoin in a heartbeat. 

Meanwhile, many are speculating that Elon Musk is instead buying and holding Dogecoin (DOGE). After all, the tech titan has made it abundantly clear the fact that he is a huge fan of the first-ever memecoin in the crypto space. 

Lastly, the tech titan makes a comment saying that crypto is yet to contribute towards an environmentally sustainable future. This is not entirely true, there are many sustainable initiatives by crypto to drive green initiatives. Most recently, Bitcoin is reviving the Ocean Thermal Conversion initiative (OTEC)

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.