◆ The ranking of the rich fell due to the decline in Tesla stock
According to the Bloomberg Billionaires Index as of the 23rd, e-commerce company Amazon CEO Jeff Bezos beat Musk to regain the top spot. According to Bloomberg, Bezos has $187 billion in assets, $3 billion more than Musk’s $183 billion.
According to Decrypt, a media specializing in cryptocurrency, Musk is Tesla’s largest shareholder and holds about 241 million shares. Tesla’s stock price fell from $863 to $709 until that day after it was announced that Tesla had purchased $1.5 billion worth of Bitcoin on the 8th. Decrypt said this reduced Musk’s net worth by $30.6 billion.
“Tesla’s stock price is strongly tied to Bitcoin,” said Dan Ives, an analyst at Wedbush, despite the original correlation between Tesla and Bitcoin price movements. He mentioned in an interview with Yahoo Finance the day before that “I feel like the bitcoin price is not fully reflected.”
◆ Elon Musk’s reaction (?)
▲ Elon Musk in response to Peter Schiff’s tweet (Photo = Twitter)
After the collapse of Tesla’s stock price, Peter Schiff, CEO of Euro Pacific Capital, a famous gold supporter, tweeted on the 23rd, “Tesla stock has plunged 20% from its all-time high on January 25th. It has plummeted 16% since it was announced that it had bought Bitcoin. This is an example that other CEOs shouldn’t follow.” Musk responded by typing a single branch-shaped emoticon without leaving any words on his Twitter.