Home » Business » Bitcoin value drops and jumps again after tweets Elon Musk | Money

Bitcoin value drops and jumps again after tweets Elon Musk | Money

Musk responded on Twitter to a message from someone calling himself @CryptoWhale who said that bitcoin fans are going to kick their heads when they find out next quarter that Tesla has gotten rid of its bitcoins. In addition, the Twitterer said that Elon Musk would be right, because of all the hatred he got over him online after the decision to no longer accept bitcoin as a means of payment.

“Indeed,” Musk responded with one word. It was unclear whether Musk agreed with the fact that there are many haters online or whether he endorsed the statement about selling bitcoins. Maybe he wanted to do that, had he possibly already (partly) done it? On Twitter, many people were also concerned that @CryptoWhale is a controversial figure in the bitcoin community. There were also several calls to sell Tesla shares.

After the tweet, the bitcoin price fell by just under 7 percent, to just over $ 43,000 (about $ 35,500), the lowest level in three months. Other crypto coins also went down. For example, ether lost more than 8 percent to just under 3,300 dollars (2,720 euros). Dogecoin, which has been promoted by Musk for some time, lost 9 percent in value.

“To be clear on all the speculation, Tesla has not sold any bitcoin,” Musk later said on Twitter in response to the fuss. The crypto coin then bounced back 7 percent.

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