Elon Musk Said Bitcoin Has No Throat to Choke: Why Does That Matter?
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Elon Musk’s remark that “Bitcoin has no throat to choke,” alongside filings showing Tesla sold roughly 75% of its BTC holdings while SpaceX reported no sales, highlights Bitcoin’s decentralized nature and lack of a single accountable counterparty. Tesla’s large divestment removes a high-profile corporate backstop and illustrates how executive decisions can quickly shift supply and sentiment, increasing price vulnerability to corporate actions and PR.
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