A new petition on Change.org calls on Elon Musk to sell all of his bitcoin

Elon Musk, CEO of Tesla and SpaceX and self-proclaimed “dogefather” Elon Musk, should sell his Bitcoin (BTC) holdings, says Hodlers.

A new petition on Change.org is collecting signatures to get Musk to deposit his personal Bitcoin stocks.

“Elon Musk: Sell Your Bitcoin”

Your goal is modest: to start with 100 signatures, of which 62 have already been collected.For the petitioner, however Billionaire Musk struck a chord.

A new petition on Change.org calls on Elon Musk to sell all of his bitcoin
A new petition on Change.org calls on Elon Musk to sell all of his bitcoin

“Elon Musk has at least $ 1.5 billion worth of Bitcoin on Tesla’s balance sheet and it is very likely that he has a larger personal stake that he did not disclose.”begins your description.

“Meanwhile, Musk has doubled its support for Dogecoin, a literal joke, claiming to be working with the nonexistent development team and discussing the integration of the cryptocurrency at SpaceX.”

Musk is currently at the center of controversy over his declared love for the meme-based altcoin Dogecoin (DOGE)., whom he defended when criticizing Bitcoin.

The impact on both cryptocurrencies was negative this weekend. when the BTC / USD pair fell to nearly $ 42,000 and its dominance in the market plummeted to three-year lows.

BTC / USD (Bitstamp) 1-hour candlestick chart. Source: trade view

The reactions firmly accused “Technoking” Musk, While some veteran analysts argued that given the general bullish trend in Bitcoin price, their actions would not matter.

However, until you sell your BTC, Musk will have the chance to unfairly influence market sentiment, the petition says, to the detriment of all other Hodlers..

“You should sell your bitcoin and hope that it all ends with a better custodian.”, continue.

“If there is poetic justice, he could be someone he nearly ruined because of the Doge. Elon Musk: Sell your bitcoins.”

The odds of winning are $ 100,000

As Cointelegraph reported, another indicator of investor sentiment about the future of Bitcoin is far more hopeful given recent events. A survey by the creator of the stock-to-flow pricing model PlanB shows that most expect the BTC / USD pair to hit $ 100,000 in 2021.

At the time of this writing More than 70,000 responses confirmed that $ 100,000 was a reasonable target price, with only 25% believing the largest cryptocurrency will hit a lower high.

PlanB survey on Bitcoin on Twitter. Source: PlanB / Twitter

PlanB itself had fought against Musk and called its actions an attempt to “destroy” Bitcoin.

“If you want to rally, I think it could be very effective to sell your Tesla stock and buy bitcoin instead.”,TO agreedTwitter followers.

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