The
clarification from the billionaire tech tycoon came a day after he indicated in
a Twitter exchange that Tesla has sold or may sell part of its Bitcoin
holdings, crashing the cryptocurrency to one of its lowest values in recent
times. As a result of Musk's tweet on Monday, the value of Bitcoin recovered
partially, trading at $45,417 according to Coindesk, as of 11 am IST on
Tuesday.
Musk's
tweet was in response to a Twitter user's post who blamed the Tesla and SpaceX
CEO for the tumbling price of the world's largest cryptocurrency.
The user
with the handle @BTC_Archive said that the price of the cryptocurrency was
“down 20 per cent” since Musk's posts, and asked his followers if they were
still wondering “why some people are mad”. In response, Musk replied, “To
clarify speculation, Tesla has not sold any Bitcoin.”
Bitcoin is down 20% since @ElonMusk started shitposting.
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) May 16, 2021
And you wonder why some people are mad? 🤔 pic.twitter.com/WDMvcptFsK
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
Earlier, on Sunday, when a Twitter user suggested that those
owning Bitcoin (price in India) would be disappointed next quarter when they
would find out that Tesla had dumped the rest of its holdings, Musk had replied,
“Indeed”. This Twitter exchange implied that Tesla has sold or may sell the
rest of its Bitcoin holdings.
Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.
— Mr. Whale (@CryptoWhale) May 16, 2021
With the amount of hate @elonmusk is getting, I wouldn’t blame him…
Indeed
— Elon Musk (@elonmusk) May 16, 2021
In February this year, Tesla revealed that it has bought
$1.5 billion worth of Bitcoin. Subsequently, the electric carmaker said it
would accept the cryptocurrency as payments.
But last week, Musk put out a Tesla statement that said the
company was suspending Bitcoin payments because of rapidly increasing use of
fossil fuels for Bitcoin mining and transactions.
The abrupt announcement to discontinue Bitcoin payments came
as a shock to many who wondered whether Musk was recalibrating his approach to
cryptocurrencies. Then, too, he had to clarify that he supported digital
currencies but they needed to become energy-intensive.
Musk has been an ardent supporter of cryptocurrencies once
saying they could become the future currency of the Earth. Last week, he said
he was in talks with Dogecoin (price in India) developers to improve “system
transaction efficiency”.
0 comments:
Post a Comment