Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility

Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss.

Musk’s personal fortune was at $340 billion on Nov. 4, 2021, which made him the richest man in the world.  On December 2022, Musk’s wealth fell to $137 billion and he got replaced by LVMH‘s Bernhard Arnault.