Elon Musk clarifies Tesla hasn’t sold any Bitcoin

Musk has caused a sudden spike in BTC’s price, which jumped by over $2,000 in minutes as he tweeted Tesla has not sold any bitcoin.

Elon Musk clarifies Tesla hasn’t sold any Bitcoin

After several controversial Twitter comments on bitcoin and Tesla, the CEO clarified that the firm still holds all of its coins. As a result, the price of the asset saw a sudden increase of over $2,000.

Elon Musk continues with his Twitter conversations regarding his perception of bitcoin. In the latest one, he confirmed that the company hadn’t sold any of its BTC holdings.

BTC price has been susceptive to Musk’s comments in the past, and this positive engagement caused a price pump. In a matter of minutes, bitcoin jumped from its 3-month low at $42,400 to above $45,000.

Elon’s clarification comes amid several controversial comments made by him in regards to the relationship between the company and bitcoin.

Recently, Tesla disabled BTC payments for its product, citing environmental issues which resulted in bitcoin fell sharply by $12,000 in a day.

According to Bybt, the liquidations in the past 24 hours were nearly $2.4 billion. The largest single liquidation occurred on Huobi as a bitcoin trader lost $90 million.

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0