As at 21 march 2021 Elon Musk controlled through various companies and personal ownership 5 billion dollars of BTC . On the same day BTC was $1,073,480,856,312. He could go belly up all coin be sold and all that would happen would be a buying opportunity . As to reputational damage I dont think it can top being described as a criminal drug value transaction system , and how many times in value has it gone up since those days . Still in starting out that way it shares a history with the internet itself which we were informed that the internet would only be used for pornography and has no other use . Meantime in the real world the Chinese government has issued the following statement
apparently it is now a legitimate investment alternative . This is a big change from just three years ago when they tried to close it down and failed . If they failed how would a liberal democracy succeed .
