Justin Sun Says Elon Musk Selling Bitcoin is Great News for Cryptocurrency

Tesla had sold 75% of its Bitcoin holdings and impacted the cryptocurrency market but not everyone was affected by it. Justin Sun, a well-known cryptocurrency entrepreneur and enthusiast, is one of the unaffected. He said Elon Musk leaving Bitcoin is “great news” for the cryptocurrency. Elon Musk Sold 75% of Bitcoin Holdings The creators of popular initiatives like Tron (TRX) and BitTorrent (BTT) pointed out that the automaker’s selling of Bitcoin for almost a billion dollars is an excellent example of the liquidity that cryptocurrencies may offer to big businesses. In addition, Tesla’s Bitcoin transactions created a precedent for all firms who retain BTC on their balance sheets. Sun thanked Musk and concluded that this occurrence might persuade large corporations to purchase cryptocurrencies in the future. After the U.S. stock market’s trading session ended last night, businesses started to release reports, during which Tesla sold its Bitcoin. 3rd, Tesla completing @Bitcoin transactions shows a good precedence for all enterprises holding #BTC. We believe more big corps will buy in the future. Kudos to @elonmusk ! — H.E. Justin Sun🌞🇬🇩 (@justinsuntron) July 21, 2022 Tesla Will Still Buy More Crypto The company got $936 million from the crypto community in exchange for its Bitcoin and “paper hands” status. In addition to Justin Sun, Michael Saylor, a well-known “crypto phile” and native of corporate America, also provided a p...