Elon Musk, a Bitcoin (BTC) fanatic, president of Tesla and the world’s richest man, said he would sell 10% of Tesla (TSLA) shares if Twitter asked him to.
In a Twitter poll on November 6, Musk entered the debate on US tax policy, offering to test it on a $23 billion deal.
Twitter asks Musk to sell TSLA
US Treasury Secretary Janet Yellen drew attention this year by saying the government should tax unrealized profits as part of a plan to target “exceptionally wealthy” taxpayers.
Bitcoin supporters immediately opposed this proposal because it involves accounts that are almost impossible to use in cryptocurrency, regardless of ethical considerations.
Musk, whose portfolio includes Bitcoin, Ether (ETH) and Dogecoin (DOGE), has avoided outright cash by promising instead to sell 10% of Tesla shares if the survey allows him to do so.
“I will stick with the results of this survey anyway,” he wrote.
He added that he does not receive “cash vouchers or rewards from anywhere”, so the sale would be the only taxable event.
At the time of writing Sunday, 57% of the 3.2 million respondents to the survey said it should continue to sell — 19.3 million shares of TSLA at $1,222 each at Friday’s closing price, for a total of $23,582,600,000 .
Elon Musk’s Twitter poll from November 7 at 15:00 UTC. Source: Elon Musk / Twitter
As Cointelegraph reported, the recent increase in both Tesla stock and the company’s assets increased Musk’s net 1.5 billion BTC by a quarter of a trillion dollars.
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He warned in October of inflation, which in his opinion will continue in the short term.
The financial decisions of the world’s richest man have previously hit the bitcoin markets, especially when Tesla halted bitcoin payments for its cars due to environmental concerns over the cryptocurrency.
As Cointelegraph points out, the documents show that the door remains open to reversing the decision.