Tesla announces that Bitcoin is good now and that it bought some.
The price of Bitcoin goes up, because institutional adoption of Bitcoin is good for its price, but also because, by the Elon Markets Hypothesis, anything that Musk buys goes up.
Tesla sells some Bitcoin, making a profit.
Musk tweets that the price of Bitcoin is too high.
Bitcoin prices go down due to the Elon Markets Hypothesis.
Tesla Inc. buys some Bitcoin.
Tesla announces that Bitcoin is good now and that it bought some.
The price of Bitcoin goes up, because institutional adoption of Bitcoin is good for its price, but also because, by the Elon Markets Hypothesis, anything that Musk buys goes up.
Tesla sells some Bitcoin, making a profit.
Musk tweets that the price of Bitcoin is too high. Bitcoin prices go down due to the Elon Markets Hypothesis.
Go to Step 1.
https://www.bloomberg.com/opinion/articles/2021-02-22/electr...