Elon Musk Denies Tesla Selling Any Bitcoin Following Market Crash

As you probably know by now, Elon Musk found himself in hot water following some statements he dropped on Twitter the past week.

He dropped a tweet about Bitcoin that has the whole crypto Twitter unleashed.

Bitcoin was trading at around $57k the other day, and then suddenly, the king coin saw a drop in price of about 10% in the past 24 hours following Elon Musk’s tweet.

Crypto Twitter went ballistic following this tweet.

Musk received a lot of backlash for this post.

He continued his ideas about crypto and made sure to highlight the fact that he does believe in crypto and he only wants renewable energy.

Check out his latest posts.

Anthony Pompliano said: “Just announce the renewable energy miner already and let’s get on with it! Need you focused on getting us to Mars :)”

Musk clarifies Tesla and Bitcoin rumours

There’s been speculation that Tesla sold their Bitcoin and Musk wanted to clarify this:

Here’s another significant post.

As the online publication Unlilad noted, the fragility of the crypto market is one of its biggest criticisms, but Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., is not too concerned.

‘We’re looking at the long-term and so these blips, they don’t faze us. You’re looking for the long-term opportunity and you kind of buckle up and go for it,’ she told Bloomberg.

Investors are currently buying the dip, hoping that the crypto market will recover soon.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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