If we're going to believe what Musk says, they are planning on keeping all the coins from the sales:

Again, he has said a lot of things lately and I've been always suspicious of his tweets, and not just for the events this year, he has a long history of not telling the complete truth, omitting essential parts of his plans that turn things 180 degrees. Just like he did here, he is keeping the coins from the sale but he might sell the ones he bought as an investment, he didn;t lie and he didn;t tell the truth either.


This is no longer the time when a few whales playing around could manipulate the price when bitcoin was 100-200$ and a few million could turn the markets upside down, if he tries doing the same stuff now especially using Tesla funds for it he will be in serious trouble, why would he even bother to do so? Destroy a 1 trillion company and even get dragged in courts for a few billion?
He is too smart for this, he knows how to take some profits from hype but he won't play that dangerously with fire.

no because

1. as we saw the bitcoin market doesn't react to billionaires and what they do as with the FUD about Elon Musk didn't change the price even a little. similarly when he was hyping bitcoin up, we saw that his hype was not effective. we have also seen other billionaires try to manipulate the market like the fossil called Warren Buffet who has been spreading FUD about bitcoin for many years.

2. the market is growing and maturing and no one person can control it regardless of how much money they have.

3. despite the growth the market still can't handle billions of dollars dumped into it so any billionaire wanting to come in has to buy bitcoin slowly and in small increments which would take years otherwise the price would shoot up to $10 million.

4. bitcoin is proof of work that means unlike the shitcoins that use proof of stake it doesn't matter how much bitcoin you own, you have no power by just owning bitcoin.

Yes, bitcoin can very well be hacked by the billionaires. The fear of happening this is getting more prominent whenever we hear a news of corporates jumping into bitcoin bandwagon. Corporates are sitting of pile of unused cash and if majority of the CFOs start thinking like Square or Tesla, soon they will buy majority of the bitcoin supplies that are floating in the market. Then they will become the main driving force in the market and manipulate the market for their own benefits.

That's why too much attention from corporates is not a good thing for the commoners like us.

By billionaires do you mean banks or individuals, whichever one of them you pick Yes they can!

In trading this kind of money these guys bring to the table is called institutional money or smart money if you like, and if these guys hijack the market weak hands will lose out because these guys don't play around when it comes to manipulating the market,but the real winners would be the holders Afaik.

Bitcoin can’t be controlled by a world leader or some rich guy can control bitcoin. Bitcoin has a highly decentralized market that makes it impossible to be controlled by an individual. If satoshi the creator of bitcoin can’t control the price from the beginning is afraid bitcoin has gone beyond the level of individual control.

It's possible, but unlikely, because there are so many bitcoin holders, especially those who have been in the game since the beginning. It would be a fantastic move for any organization to embrace and hodl those coins in order to dominate the market, but as I previously said, there is a very slim possibility given the millions of BTC hodlers and the fact that Satoshi is still holding a million bitcoins. Maybe if this happens, Satoshi will come out and take a big step to stop it, which is why he's hodling so much bitcoin, what do you think?

..but if this happens, hoping that they shouldn't control it for their own desire.

You are anxious about all this but with the understanding I have, it doesn't work that way, like you said many investors have shown their support for bitcoin by investing, I will not look at it from your angle put from the point that is a great push for bitcoin and for its publicity.

bitcoin is not easy to hijack, if bitcoin can be hijacked, there will be news every month about someone's bitcoin being hijacked. billionaires or large companies in the world will not pirate bitcoin to someone who holds it, this will make the lives of billionaires and large companies going to chaos because they are haunted with guilt and fear of being put in jail. billionaires will definitely choose to buy bitcoin or mine bitcoin to make it safer.

Nah. It is not posible. Elon can hold a large number of bitcoin but he cant control it. Besides, bitcoin transactions are transparency and people will eventually notice when there is a wallet holding a lot of bitcoin. The price will suddenly drop due to that reason