{"id":36055,"date":"2021-02-08T19:54:21","date_gmt":"2021-02-08T17:54:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36055"},"modified":"2025-08-29T04:25:16","modified_gmt":"2025-08-29T01:25:16","slug":"experts-assess-the-implications-of-teslas-bitcoin-investment","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/experts-assess-the-implications-of-teslas-bitcoin-investment\/","title":{"rendered":"Experts assess the implications of Tesla&#8217;s Bitcoin investment"},"content":{"rendered":"<p>Tesla, Elon Musk&#8217;s company, <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">invested<\/a> $1.5 billion in Bitcoin. In the future, it plans to integrate the premier cryptocurrency as a means of payment for its products. In light of the news, Bitcoin reached a new all-time high\u2014above $44,800.<!--more--><\/p>\n<p>ForkLog spoke with experts about how this could affect Bitcoin&#8217;s dynamics, and whether regulators would raise questions about <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-posts-bitcoin-hashtag-on-twitter-as-cryptocurrency-climbs-to-38000\">previous tweets by Musk<\/a>, in the wake of which the asset&#8217;s price had repeatedly risen. They diverged in assessing the legality of Elon Musk&#8217;s tweets about Dogecoin and Bitcoin, after which the coins surged.<\/p>\n<p>According to investor Dmitry Machihin, such messages are a private opinion of a person not affiliated with a digital asset, and therefore, legally, there is no grounds to fault Musk&#8217;s Twitter activity.<\/p>\n<blockquote>\n<p>\u201cThese are decentralised assets; they are not securities in the sense of the U.S. Securities and Exchange Commission (SEC) and fall outside pump-and-dump regulation. For example, if Musk writes: \u201cSell Tesla shares, I am tired of all this\u201d and after that the shares drop, where they are bought back, then Musk will be invited to the SEC the very next day,\u201d he explained.<\/p>\n<\/blockquote>\n<p>Grigory Klumov, founder of the stablecoin platform Stasis, agrees: \u201cEverything that is not prohibited is permitted.\u201d<\/p>\n<p>The well-known trader Whale Panda suggested that Musk mentioned Dogecoin so often in his tweets because he could not write too much about Bitcoin \u2014 \u201cthis would get him into trouble.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">He couldn\u2019t tweet about <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> too much because that would get him in trouble so instead <a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> was just tweeting about <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DOGE<\/a> which was code for Bitcoin <a href=\"https:\/\/t.co\/nPFCf42lxn\">pic.twitter.com\/nPFCf42lxn<\/a><\/p>\n<p>\u2014 WhalePanda (@WhalePanda) <a href=\"https:\/\/twitter.com\/WhalePanda\/status\/1358762653695545348?ref_src=twsrc%5Etfw\">February 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lead RoboForex analyst Dmitry Gurkovsky notes that Musk&#8217;s access to a large audience can generate hype around a given asset, whether cryptocurrency, GameStop shares or the game-maker Cyberpunk 2077\u2014CD Projekt. Typically, after a substantial rally these assets corrected toward their previous values.<\/p>\n<blockquote>\n<p>\u201cThis situation is undoubtedly a \u201cheadache\u201d for regulators, as they must assess whether a given message violates existing norms and whether it was published to gain personal profit. In 2018 the SEC <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2018-226\" target=\"_blank\" rel=\"noopener noreferrer\">fined Musk $20 million<\/a> for his tweets and forced him to step down as chair of Tesla&#8217;s board. Probably not the last penalty for the entrepreneur for social-media posts,\u201d Gurkovsky predicted.<\/p>\n<\/blockquote>\n<p>Yuriy Brisov, a member of the Committee on Legal Support for the Digital Economy of the Moscow branch of the Association of Lawyers of Russia, argues that if Bitcoin participates in deals to obtain investment profits, such deals may fall under the securities and exchange law.<\/p>\n<p>The expert did not rule out that the SEC could classify Musk&#8217;s tweets as broker activity without registration or as activities violating the securities offering and advertising laws.<\/p>\n<blockquote>\n<p>\u201cA violator could face a private suit if someone who followed his advice incurred losses. The suit could also be a class action, brought by several victims,\u201d Brisov explained.<\/p>\n<\/blockquote>\n<p>Representatives of the cryptocurrency community are convinced that Tesla&#8217;s investment in Bitcoin will draw new investments from large players into the industry.<\/p>\n<p>Co-founder of Morgan Creek Digital Anthony Pompliano believes that corporates will now enter the market for sure.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The career risk for every CFO to buy Bitcoin on their balance sheet just disappeared.<\/p>\n<p>Every corporation is going to do it.<\/p>\n<p>\u2014 Pomp \ud83c\udf2a (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1358764055285145605?ref_src=twsrc%5Etfw\">February 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One of the founders of Winklevoss Capital and the Bitcoin exchange Gemini, Cameron Winklevoss, called Tesla&#8217;s investment in Bitcoin a farsighted move.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">.<a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24TSLA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TSLA<\/a> adding $1.5B <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> to its balance sheet is both a visionary and responsible move. To the Mars!<\/p>\n<p>\u2014 Cameron Winklevoss (@cameron) <a href=\"https:\/\/twitter.com\/cameron\/status\/1358776306519932929?ref_src=twsrc%5Etfw\">February 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>His brother Tyler noted that the company\u2019s bitcoin investment proves that cash is \u201ctrash,\u201d as Tesla opted to \u201cswap them for hard money.\u201d<\/p>\n<p>Former head of the Office of the Controller of the Currency within the U.S. Treasury, Brian Brooks, stated that Tesla&#8217;s investment in Bitcoin is an \u201cexciting development\u201d for the crypto industry. For others, it is \u201ca bit scary\u201d news, as it signals the devaluation of world currencies.<\/p>\n<blockquote>\n<p>\u201cBitcoin is potentially a far more stable store of value in the long run,\u201d Brooks explained.<\/p>\n<\/blockquote>\n<p>The potential adoption of Bitcoin as a payment method for Tesla products is undoubtedly a positive driver for the growth of the leading cryptocurrency, adds RoboForex&#8217;s lead analyst Dmitry Gurkovsky:<\/p>\n<blockquote>\n<p>\u201cPerhaps, following Tesla, other companies in the S&#038;P 500 index will seriously consider such integration.\u201d<\/p>\n<\/blockquote>\n<p>Yuriy Mazur, head of the data analysis department at CEX.IO Broker, notes that the market&#8217;s rapid reaction and Bitcoin&#8217;s new all-time high once again underscore the potential of the leading cryptocurrency.<\/p>\n<blockquote>\n<p>\u201cEverything points to the uptrend continuing, and by February the asset&#8217;s price could rise to $50,000,\u201d he forecasts.<\/p>\n<\/blockquote>\n<p>Mazur&#8217;s nearest target is $48,051:<\/p>\n<blockquote>\n<p>\u201cIt will be overcome quickly if a new wave of investment in Bitcoin from the corporate sector follows.\u201d<\/p>\n<\/blockquote>\n<p>Grigory Klumov, founder of the stablecoin platform Stasis, adds that a Bitcoin bubble could be discussed at $500,000\u2013$1 million per coin.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla, Elon Musk&#8217;s company, invested $1.5 billion in Bitcoin. In the future, it plans to integrate the premier cryptocurrency as a means of payment for its products. In light of the news, Bitcoin reached a new all-time high\u2014above $44,800.<\/p>\n","protected":false},"author":1,"featured_media":36056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1217,52,1138,1319],"class_list":["post-36055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-elon-musk","tag-investments","tag-opinions","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36055"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36055\/revisions"}],"predecessor-version":[{"id":36057,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36055\/revisions\/36057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36056"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}