Elon Musk is at it again as he has implied in a Twitter exchange this afternoon that Tesla has sold or may sell the rest of its bitcoin holdings... This has triggered a market wide sell off.
A Twitter user who goes by @CryptoWhale said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”
Musk replied, “Indeed.” which caused Bitcoin dipped to around $44,000 and is now trading at $45,000.
This is all part of saga that could put Elon in hot water because it sure seems like he has been manipulating the whole market. A potential sale just days after Musk said the company planned to hold rather than sell the bitcoin seems fishy.
Musk has been a big supporter of cryptocurrencies until recently as he helped drive the prices of Doge and BTC, several times in the past year. Musk seems to have reversed course in recent weeks as he helped drop the pice of DOGE on his SNL appearance and now BTC with his recent tweets.
Musk has since been hitting back on Twitter against users who are critical of his cryptocurrency stance. I personally think he is causing retail investors to lose money they can't afford to lose. He has become a lability for the crypto ecosystem and frankly I hope regulators step in.
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Yes, I agree, Elon Musk, for his statements, of two, one: he in fact does not know what Bitcoin is and how it works, or seems to want to manipulate the market on purpose and with this demonstrates some irresponsibility.
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That guys a total moron. He wants normal people to go broke.
Unless the big firms like Grayscale can get them to step in, I don't think they will. This is exactly what they want. They want to discredit the whole thing and show how "dangerous" and volatile it is. The regulators are probably loving this right now because they want to say "see I told you so". Hopefully the majority of crypto holders are smarter than that and don't fall for it.
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