Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility

Elon Musk ended up being the very first person ever to lose$200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which represents 0.39% of Musk’s loss.Musk’s personal fortune was at$340 billion on Nov. 4, 2021, that made him the richest guy in the world. On December 2022, Musk’s wealth fell to $137 billion and he got changed by LVMH‘s Bernhard Arnault.Musk’s electric vehicle business Tesla lost 65 %of its value in 2022, while Musk sold a considerable part of his possessions to be able to acquire Twitter for$40 billion.Tesla bought 43,200 BTC for$1.5 billion in February 2022. The quantity equates to$716,368,320 with the present BTC price that is remaining around $16,597 at the

time of composing. Tesla’s overall loss from its BTC investment is$ 873,631,680, which corresponds to 0.39%of Musk’s $200 billion loss.Posted In: Bitcoin, People Recent Musk Stories Dogecoin continues slide as