The other day, we revealed that Elon Musk 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.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Crypto Twitter went ballistic following this tweet.
PlanB posted the following tweet:
So Elon never really understood #bitcoin, never understood proof-of-work. His Doge pump was a warning sign. His turning to other “crypto” is confirmation. No more Tesla for me. https://t.co/wPzE3eEF68
— PlanB (@100trillionUSD) May 12, 2021
Tone Vays also had something to say about Musk’s tweet:
Looks like @elonmusk never understood the fundamental reason(s) of buying #Bitcoin for himself or @Tesla – Disappointed https://t.co/vCNb0XGPOI
— Tone Vays (#ActivateTaproot) (@ToneVays) May 12, 2021
Anyway, Musk received a lot of backlash for this post.
Musk highlights the support of crypto
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.
To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal
— Elon Musk (@elonmusk) May 13, 2021
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 :)”
MicroStrategy’s Michael Saylor said this: “Agreed. I think we all share the vision of a better world, empowered by technology – powered by clean, renewable energy.”
A follower told Musk “Elon Musk u are potentially los!ng a lot of future Tesla customers, this !sn’t the best marketing strategy. U are hurting a lot of people with ur actions especially the small retail crypto investors. U influenced crypto, majority started investing cos of u so think of ur actions.”
Stay tuned for more news.
