Manchester United loses against Bitcoin too — Elon would have been over 6,000x better off buying BTC
Recent Twitter altercation between Tesla and SpaceX CEOs Elon Musk and Executive Chair at MicroStrategy Michael Thaler The question arises whether Bitcoin is easier to buy than Manchester United.
Musk sparked a Twitter meltdown recently after he said he would buy crisis-hit Manchester United.In response, MicroStrategy Executive Chair Michael Thaler “I want you to buy a little bit more bitcoin,” he said.
Also buy Manchester United.
— Elon Musk (@elonmusk) August 17, 2022
A few hours after posting, the issue was investigated and Musk He later retracted his original statement, saying, “I have no intention of buying a sports team.”
“No, this is a running joke on Twitter. I didn’t buy a sports team.“
However, in the form Musk Leaving a hint of what’s possible by leaking that Manchester United was his favorite team as a kid. .
Bitcoin outperforms Manchester United stock
Manchester United IPO August 10, 2012, on the New York Stock Exchange. The initial asking price was $14. MANU hit an all-time high of $27.70 in the week starting August 27, 2018.
Recent story of hostile takeover of club, raised by former board member Michael Knighton Prices are soaring, backed by a consortium of wealthy individuals. On August 17, MANU hit his $13.80, his highest in 15 weeks.
The price of Bitcoin on August 10, 2012 was $11.39The all-time high of $69,000 will be reached on November 11, 2021. At the time of writing, BTC is priced at $23,400.
$100 invested at Manchester United IPO grows to $197.86 at peak price, a 98% return. However, the investor who held on has now suffered a loss of $1.43, or -1.4%.
In contrast, $100 invested in Bitcoin on August 10, 2012 grew to a market high of $605,795, representing a profit of 605,695%. Hodler’s current unrealized profit would be his $205,443, or +205,343%.
Comparing the peak prices of both assets, it was 6,180 times more profitable to buy Bitcoin than Manchester United.
Manchester United in danger
Manchester United sit bottom of the Premier League after humiliating defeats to Brighton and Brentford bad start First season in seven years.
get some attention signature The likes of Ajax’s Lisandro Martinez and former Tottenham player Christian Eriksen joined this summer. However, the club has yet to sign a deal with its marquee target, Barcelona playmaker Frenkie de Jong.
fans are planning protest Ownership of the club at the upcoming home fixture with Liverpool on 22 August put pressure on the Glazer family to sell and move on.
August 17th, Knighton announced that it did not raise the necessary funds to purchase the club. The cost is estimated at approximately $4.25 billion.
