Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility

Elon Musk became the archetypal idiosyncratic ever to suffer $200 cardinal according to Bloomberg News, portion Tesla mislaid $783 cardinal to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss.

Musk’s idiosyncratic luck was astatine $340 cardinal connected Nov. 4, 2021, which made him the richest antheral successful the world.  On December 2022, Musk’s wealthiness fell to $137 cardinal and helium got replaced by LVMH‘s Bernhard Arnault.

Musk’s electrical car institution Tesla mislaid 65% of its worth successful 2022, portion Musk sold a important information of his assets to beryllium capable to purchase Twitter for $40 billion.

Tesla purchased 43,200 BTC for $1.5 cardinal successful February 2022. The magnitude equates to $716,368,320 with the existent BTC terms that is lingering astir $16,597 astatine the clip of writing. Tesla’s full nonaccomplishment from its BTC concern is $873,631,680, which equates to 0.39% of Musk’s $200 cardinal loss.

The station Only 0.39% of Elon Musk’s $200B nonaccomplishment is owed to BTC volatility appeared archetypal connected CryptoSlate.