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Elon Musk: Tesla Didn't Sell Bitcoin; BTC Continues to Decline
Butcher79
Elon Musk denied that Tesla was selling bitcoin - his response to CryptoWhale's comment caused a media storm and another decline in the value of BTC.
It all started with the announcement that the American electric car manufacturer is officially refusing to buy BTC and use this cryptocurrency in a transaction, as the consumption of non-renewable energy in the bitcoin market negatively affects the environment.
Bitcoin is down 20% since @ElonMusk started shitposting.
— Bitcoin Archive (@BTC_Archive) May 16, 2021
And you wonder why some people are mad? 🤔 pic.twitter.com/WDMvcptFsK
The BTC rate began to decline, and a discussion broke out in the media: is Elon Musk telling the truth, what he wants to get from this, or maybe he really cares about the climate ...? Rumors spread at lightning speed, but the real quake was triggered by one Twitter comment by user CryptoWhale:
Bitcoin holders will be upset next quarter when they discover that Tesla has disposed of the rest of their BTC holdings. With so much hatred that Elon Musk is now experiencing, there is no way I would blame him… Elon Musk replied, “Of course,” and the network went wild.
Very quickly, Bitcoin fans and the Tesla CEO himself began writing to CryptoWhale, filling his mailbox and accusing him of being paid by cryptocurrency funds, and even making death threats.
A media storm has swept through the cryptocurrency exchanges - the BTC rate has fallen again. Minutes after Elon Musk's comment was posted, the price of bitcoin dropped by about 5% to almost $42, the lowest since February 2021. The situation was saved by his response to rumors about the possible sale of Tesla cryptocurrency: he categorically denied that the company was still getting rid of BTC. After official assurances of the decency of the company, the rate rose by about 7%, but now it is falling again.
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