Elon Musk’s Tweet Sends Bitcoin Price Tumbling Down Below $45,000

Elon Musk Says Something on Twitter Bitcoin Value Drops Further feat. min

Citing the rising value of Bitcoin amid the pandemic, Tesla CEO Elon Musk recently announced that Tesla buyers could pay for their electric cars in Bitcoin. However, the Teslaquila maker scrapped the idea recently due to environmental concerns related to Bitcoin mining. Following this announcement, the price of Bitcoin dropped quite a bit. But Musk added fuel to the fire with another tweet, sending Bitcoin price below the $ 44,000 mark.

For the uninitiated, Elon Musk, who is a fervent supporter of cryptocurrencies, shared a tweet recently, hinting that Tesla may have sold his Bitcoin holdings. Well, it wasn’t a direct tweet, per se. It was a reply to a tweet from an unverified account nicknamed Mr. Whale (@CryptoWhale). You can see it below.

As you can see, the tweet suggests that Tesla has “Thrown off” his Bitcoin holdings citing the amount of hate Musk is receiving following his earlier decision to ban customers from buying Tesla cars with Bitcoins. To this, Musk responded with a “Indeed”.

Now, this does not specifically verify the statement that Tesla sold its Bitcoin holdings. The “Indeed” Musk’s could also mean that he agrees with the latest statement that points to the amount of hate he’s been getting online. However, a simple response from Musk further reduced the value of Bitcoin which is now trading below the $ 45,000 mark.

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Then according to Coindesk, Bitcoin’s current rate is around $ 45,748 (at the time of writing), as the value has dropped more than 8% in the last 24 hours.

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