Tesla’s BTC Purchase May Already Be up by $1 Billion, Says Anthony Pompliano
- Bitcoin's meteoric rise may have brought Tesla's $1.5 billion BTC investment up considerably.

Crypto analyst Anthony Pompliano wrote on Twitter that: “Tesla bought $1.5 billion of Bitcoin around $33,000. That means they have now made over $1 billion on that investment in less than 45 days,” adding that “Elon Musk is a legend.”
However, Bitcoin bear Peter Schiff was quick to kill Pomp’s buzz with a reminder that “since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market.”
Since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market. So far the purchase is not working out for #Tesla shareholders. It's not a profit until @elonmusk sells. So the jury is still out. Musk may be a legend, but then again so was Custer.
— Peter Schiff (@PeterSchiff) February 21, 2021
“So far the purchase is not working out for #Tesla shareholders. It's not a profit until @elonmusk sells,” he said. “So the jury is still out. Musk may be a legend, but then again so was Custer.”
Musk himself, who has recently developed an apparent fixation on DogeCoin, has taken a bit of distance from Tesla’s decision to buy Bitcoin.
In response to a Bloomberg interview with Binance Chief Executive, Changpeng Zhao last week, Musk tweeted that: “Bitcoin is almost as bs as fiat money. The key word is ‘almost’.”
Buying Pressure Appears to Increase
In spite of the Tesla-Musk waffling around BTC, Bitcoin has continued to perform well throughout 2021, reaching another net all-time high of more than $58,000 over the weekend.
Although the price of BTC had cooled to $54,450 at press time, certain indicators showed that buying pressure on Bitcoin was still relatively high. At press time, the Bitcoin fear and greed index was reading at 'extreme greed'. In other words, hodlers were hodling, and looking to buy more coins.
Bitcoin Fear and Greed Index is 94 — Extreme Greed pic.twitter.com/8FnTuXdLGi
— Bitcoin Fear and Greed Index (@BitcoinFear) February 22, 2021
Additionally, the 'Coinbase premium', which measures the price of Bitcoin on Coinbase compared to other exchanges, was moving higher. This could be an indication that retail investors were buying more Bitcoin in anticipation of a higher BTC price. At press time, BTC was selling at $54,685.70 on Coinbase and $54,609.30 on Binance.

Crypto analyst Anthony Pompliano wrote on Twitter that: “Tesla bought $1.5 billion of Bitcoin around $33,000. That means they have now made over $1 billion on that investment in less than 45 days,” adding that “Elon Musk is a legend.”
However, Bitcoin bear Peter Schiff was quick to kill Pomp’s buzz with a reminder that “since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market.”
Since the #Bitcoin buy was announced Tesla stock has dropped by 9% in a relatively flat market. So far the purchase is not working out for #Tesla shareholders. It's not a profit until @elonmusk sells. So the jury is still out. Musk may be a legend, but then again so was Custer.
— Peter Schiff (@PeterSchiff) February 21, 2021
“So far the purchase is not working out for #Tesla shareholders. It's not a profit until @elonmusk sells,” he said. “So the jury is still out. Musk may be a legend, but then again so was Custer.”
Musk himself, who has recently developed an apparent fixation on DogeCoin, has taken a bit of distance from Tesla’s decision to buy Bitcoin.
In response to a Bloomberg interview with Binance Chief Executive, Changpeng Zhao last week, Musk tweeted that: “Bitcoin is almost as bs as fiat money. The key word is ‘almost’.”
Buying Pressure Appears to Increase
In spite of the Tesla-Musk waffling around BTC, Bitcoin has continued to perform well throughout 2021, reaching another net all-time high of more than $58,000 over the weekend.
Although the price of BTC had cooled to $54,450 at press time, certain indicators showed that buying pressure on Bitcoin was still relatively high. At press time, the Bitcoin fear and greed index was reading at 'extreme greed'. In other words, hodlers were hodling, and looking to buy more coins.
Bitcoin Fear and Greed Index is 94 — Extreme Greed pic.twitter.com/8FnTuXdLGi
— Bitcoin Fear and Greed Index (@BitcoinFear) February 22, 2021
Additionally, the 'Coinbase premium', which measures the price of Bitcoin on Coinbase compared to other exchanges, was moving higher. This could be an indication that retail investors were buying more Bitcoin in anticipation of a higher BTC price. At press time, BTC was selling at $54,685.70 on Coinbase and $54,609.30 on Binance.
