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Bitcoin: This Year I Stand To Make $200 Million More Than Elon Musk

The Conversation
March 3, 2021
"I think there is a good chance that over the next year the price of Bitcoin will drop towards its fundamental value, which is nothing... If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behaviour — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing, which means I will have done A$200 million better than Musk."
John Hawkins
Professor, University of Canberra
BTC price when published:
$50,422.17
Current BTC price:
$81,980.3
Price change:
+62.59%
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