Musk said last week that he would continue to hold Bitcoin, but the latest comments suggest that he may have changed his mind again.
Original title: “Bitcoin plummeted by 10%, Musk hinted that Tesla may liquidate”
Written by: Ye Zhen Source: Wall Street
Bitcoin, which has been languishing for several days, suffered another heavy blow due to a comment made by Musk. It plummeted by 10% and once broke through the $45,000 mark. Musk said last week that he would continue to hold Bitcoin. However, this latest comment suggests that he may have changed his mind again.
For Bitcoin, Musk will succeed and Musk will fail. Bitcoin, which has been languishing for several days, suffered another heavy blow due to a comment made by Musk. It plummeted by 10% and once broke through the $45,000 mark.
In the early hours of Monday morning local time, a netizen named “cryptowhale” said on social media: “Next quarter, when Bitcoin investors find that Tesla has sold their remaining positions, they will slap themselves. @ elonmusk has received so much hatred, I won’t blame him…”
In this tweet, Musk commented: “Indeed.”
Musk’s comment was interpreted by the market as implying that Tesla has or will sell its remaining bitcoin positions, causing the price of bitcoin to plummet, once falling below 45,000 U.S. dollars, down more than 5,000 from the intraday high. US dollars. As of press time, Bitcoin rebounded slightly to $45,881.
Since the beginning of this year, Musk’s endorsement has added fire to the upward momentum of digital currencies, and has repeatedly pushed up the prices of digital currencies, including Bitcoin.
In February of this year, Tesla revealed that it had purchased $1.5 billion worth of Bitcoin to achieve “diversification and maximization” of investment. After the purchase by Tesla, the price of Bitcoin has risen from $36,000 to a high of $64,000. This investment made Tesla a net profit of $100 million in the first quarter.
Musk also said later that Tesla accepts Bitcoin payments, and that the Bitcoins paid to Tesla will remain as Bitcoins and will not be converted into legal tender. However, in recent weeks, the “teacher” who has been calling for trouble in the currency circle seems to have changed his position and become the biggest “traitor”.
Last week, Tesla announced that it would suspend accepting Bitcoin as a payment method for car purchases. Bitcoin plummeted. It once withdrew more than 10,000 US dollars from a high level. The entire cryptocurrency market evaporated 365 billion yuan in market value. Subsequently, Musk continued to question the energy consumption of Bitcoin. Said “I still believe in cryptocurrency, but it cannot rationalize the massive use of fossil fuels, especially coal.”
At that time, Musk said that he would continue to hold Bitcoin. However, this latest comment suggests that he may have changed his mind again, and this erratic position has also caused great dissatisfaction in the currency circle.
Dogecoin co-founder Palmer (Jackson Palmer) tweeted on May 13 that Musk has always been a selfish liar, and so will the future. But he quickly deleted this tweet.
Fred Wilson, the founding partner of Union Square Ventures, a venture capital firm, said on Twitter on Friday that Musk was playing games and “it’s hard to take those who do this seriously. So, in the past year Here, I lost great respect for him.”
Source link: wallstreetcn.com
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