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December 5, 2022
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Elon Musk says Tesla has “diamond in hand” and Bitcoin starts recovery after sharp drop

He doesn’t stop… Elon Musk returns to tweet and Bitcoin reacts immediately

Tesla CEO Elon Musk adopted Twitter – again – to ease the concerns of those who thought Tesla was preparing to exit Bitcoin.

The billionaire tweeted via emojis that the electric car maker has a “diamond in its hands”.

Image of @elonmusk

The main cryptocurrency instantly rose more than six percent after Musk’s tweet and continued to recover until it reached $ 40,000.

Trading View

Image of tradingview.com

Earlier today, Bitcoin fell as low as $ 30,078 on the Bitstamp exchange.

Musk’s recent feud with the community is considered one of the main reasons for the brutal defeat.

According reported by U.Today, Musk scolded the cryptocurrency for its huge energy consumption and alleged centralization last week, after Telsa suspended Bitcoin payments.

The centurionaire also hinted that Tesla could part with its huge stock of bitcoin, but later denied that the electric car maker had sold any additional coins.

Source: U.Today

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