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.
BITCOIN: THIS YEAR I STAND TO MAKE $200 MILLION MORE THAN ELON MUSK
Professor, University of Canberra
Source: The Conversation