There has been a cursory rush in the cryptocurrency market ever since Tesla made the move to sell its bitcoin holdings. There are different reactions from market experts and big crypto investors in this regard. On the one hand, while there is a wave of despair in the minds of crypto investors, on the other hand some bigwigs find it a positive move for the market. One such statement has come from Tron’s founder Justin Sun. Justin Sun has called Tesla’s sale of a large chunk of his bitcoin holdings a good step for the future of the cryptocurrency market.
Its 75% from Tesla, the world’s top EV maker Bitcoin The news of the holdings being sold has rocked the cryptocurrency market once again. But Tron’s founder Justin Sun has called it good news. Justin says that the cryptocurrency market should not be affected by Tesla’s move. Justin, the founder of Tron (TRX) and BitTorrent (BTT), said electric car maker Tesla’s sale of bitcoin suggests that the cryptocurrency could provide liquidity to even large corporations like Tesla.
3rd, Tesla completing @Bitcoin transactions shows a good precedence for all enterprises holding #BTC. We believe more big corps will buy in the future. Kudos to @elonmusk !
— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) July 21, 2022
Justin Sun said that Tesla bitcoin The sale of bitcoin has set an example for all the big corporations that hold bitcoin. He further said that Tesla’s move can inspire big companies to invest in crypto in the coming times. Justin has also thanked Elon Musk for this.
prolonged recession cryptocurrency The market was just beginning to recover from the downturn that after Tesla’s move, the bear trend is once again seen in the digital currency sector. Tesla, the world’s top electric car maker, sold 75 percent of its bitcoin holdings on Wednesday. Tesla now has cryptocurrencies worth about $218 million (about Rs 1,742 crore). Tesla bought bitcoins worth $1.5 billion (about Rs 12,000 crore) in February 2021, making it bitcoin price had reached a new high.
