The shares of the electric automaker, Tesla Inc are nosediving since the Wall Street giant placed its bet on Bitcoin (BTC) earlier in February 2021.

Tesla Stock is Down 28% Since Buying Bitcoin

For a CoinMarketCap.

On the other hand, some core Bitcoin advocates believe the falling Tesla shares is a call on the company to double its Bitcoin investments, as it appears that the $1.5 billion bets, representing just about 0.3% of the company’s market cap are too small to allocate to the digital currency.

Whichever the school of thought is right, a continuous fall in Tesla’s shares will not in any way help the institutional perception of Bitcoin, a situation that the crypto space does not need.

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